Steppe57

TOMO - Swing short

Short
Steppe57 Updated   
BINANCE:TOMOUSDT

Entry: 2.4
SL: 2.7
Target: 1.5
R/R: 3.67
1R: 1%

Order cancelled:
Won't drop as expected. Ditched. Waiting for weekly open.
Comment:
Bit more confident with that weekly level, which would be my invalidation on a daily close.

Of course, all eyes on Bitcoin. I always make sure that Bitcoin is in a bad spot or at least neutral.

s3.tradingview.com/s...shots/x/XF2c3LnW.png
Comment:
Something else to watch: Everytime Tomo took out the high on the last leg up, thus creating an ongoing patern of higher highs and higher lows, which could be seen as an intraday trend.

The last push however wasn't able to take out the higher high and dropped all the way to the last higher low, so a drop below that level would be my final confirmation.

Comment:
As always. Nothing is guarenteed. It could just as well pump from here, just keep your risk tight.
Comment:
So far, so good. Higher low broke, we could see a short retest of 2.3 before heading lower. Target remains the same.

Comment:
Got squeezed a bit on this one, but idea is still valid as my invalidation needs to happen on a daily close, not just a wick. I rarely use stops becaus of this. Sttop hunts exist.
Comment:
Hm. Could be news-driven, just doesn't want to drop. I will close this trade.

On to the next one.
Comment:
Hm. Could be news-driven, just doesn't want to drop. I will close this trade.

On to the next one.
Comment:
Dang.
Whatever.
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