CryptoTherapist

ETH-USD Short Trade Plan

Short
CryptoTherapist Updated   
BITMEX:ETHUSD   None
Commodity : ETHEREUM
Trade Type : SHORT
Trading Against : US DOLLAR

Entries : Double-UP Entries between the two given buy zones
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-7 days
Investment in trade : 5% of the total Trading Balance.
Leverage : 5x
Prospective Profit : 31.35% to 69.45% (with Leverage)
Prospective Loss : 17.35% (with leverage)
RRR : SL to TP1 is 1.79, SL to TP2 is 2.43 , SL to TP3 is 2.96 , SL to TP4 is 4.00

Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Trade closed: stop reached:
Got stopped by that wick.
But pursuing the trade again with following setup
Trade active:

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