I just now opened a short trade on vtho.
After a big correction I think finally this might be the end of it. So taking my chances. The downside potential is huge.
Its correcting on the weekly timeframe and hasn't reached a point of support yet, it has broken through prior support which tells me the demand is not strong in this area so am looking to short it down to $0.0302 area.
Quite likely I'll take profit along the way as it might be a long wait at at 0.03225 I'll be up like 4RR so make sense to take at least 50% there. It depends on the price action. I'll update below my decisions as the trade progress.
After a big correction I think finally this might be the end of it. So taking my chances. The downside potential is huge.
Its correcting on the weekly timeframe and hasn't reached a point of support yet, it has broken through prior support which tells me the demand is not strong in this area so am looking to short it down to $0.0302 area.
Quite likely I'll take profit along the way as it might be a long wait at at 0.03225 I'll be up like 4RR so make sense to take at least 50% there. It depends on the price action. I'll update below my decisions as the trade progress.
I trade using a process I developed called DTT. Direction, Target and Timing -A unique approach to find high probability trades consistently.Learn more about it below:
t.co/qXkKeLxLYC
Crypto propfirm I use-24hr payouts:
t.co/GlE8tQRiuH
t.co/qXkKeLxLYC
Crypto propfirm I use-24hr payouts:
t.co/GlE8tQRiuH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I trade using a process I developed called DTT. Direction, Target and Timing -A unique approach to find high probability trades consistently.Learn more about it below:
t.co/qXkKeLxLYC
Crypto propfirm I use-24hr payouts:
t.co/GlE8tQRiuH
t.co/qXkKeLxLYC
Crypto propfirm I use-24hr payouts:
t.co/GlE8tQRiuH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.