This is the futures contract pairing on HOT/USDT
R1 as you can see at roughly 0.008 (50% profit) and R2 (170% profit) which is at 0.014
The overall weekly chart is printing a descending triangle which could result in a bullish breakout. The stop loss position for this should be maintained at 0.004 because that means the bullish pattern is invalidated and there is more downside to go
With every position you take, you MUST learn to use a stop loss
R1 as you can see at roughly 0.008 (50% profit) and R2 (170% profit) which is at 0.014
The overall weekly chart is printing a descending triangle which could result in a bullish breakout. The stop loss position for this should be maintained at 0.004 because that means the bullish pattern is invalidated and there is more downside to go
With every position you take, you MUST learn to use a stop loss
Trade closed: target reached:
TP1 reached, then the breakdown happened when BTC broke bearish
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