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gumtree116
Sep 27, 2018 6:05 PM

LTCBTC Short Short

BINANCE:LTCBTC1D
Litecoin / BitcoinBinance

Description

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I would like the price to hit the top line of red rectangle (D1 resistance)

2 targets (green lines on chart)

Reason I'll enter this trade: Picture perfect rounded retest of resistance level (1st test is best for high probability short)

R:R is 2.24, so can't complain

Trade active

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The extra spike on Bitmex helped and my short orders get filled. Screenshot posted on twitter (link below)

twitter.com/traderbash768/status/1045420624926126080

Guess what, immediate 3% rejection from my entry.

Comment

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Target 1 hit with precision. Closed 50% and locked in 5% profit.

Trade closed: target reached

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Target 2 hit.

Closed remaining half.



Overall 7.82% profit from this trade.
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