Waiting for it to pull back into a 5-30 min order block. Stop loss is placed below fair value gap entry which if it would get much lower would change the market structure and you wouldn't want to be in the trade by this point anyway. But I'm aiming for those equal highs it created on the way down at $0.197900. Entry at $0.163696. and Stop loss at $0.149500 giving the trade a 2.41 win ratio. And I'm feeling pretty good it will pull back into the entry zone
RVNUSDT
RVNUSDT
Trade active:
While I was typing the Idea it hit my entry. I'm paper trading here on tradingview and the trade has started. My real trade is on Gate.io
Comment:
TAKE PROFIT 1 LEVEL - 0.180523
Trade active:
You can't see it because it's paper tradeing but that entry barely hit my spread. I draw the yellow line to represent the spread entry. I'm up $120 right now.
Comment:
Went a little deeper, but it did bounce off my red line, the entry into the gap, I'm hoping this is the turnaround point as I thought it could get this low. which is why I left a little more room under it.
Trade closed: stop reached:
Knocked out, but I jumped back in realizing the 4 hour chart is on my side.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
