XMRBTC Long (Swing Trade)
We are in a Range from daily and 240, we see many times price didn’t go higher than 0.02 sat and never went lower than 0.016 sat. Many times price got rejected. The green dotted line is the important support which holds for long time and the one which we broke with much strength and also holding above the support. Price is holding above the support thus it gives us a clear entry.
Entry: 0.0169
TP: 0.02
Stop loss: 0.0151
Position Size: 1% Risk on your capital/ 900
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 15% profit.
We are in a Range from daily and 240, we see many times price didn’t go higher than 0.02 sat and never went lower than 0.016 sat. Many times price got rejected. The green dotted line is the important support which holds for long time and the one which we broke with much strength and also holding above the support. Price is holding above the support thus it gives us a clear entry.
Entry: 0.0169
TP: 0.02
Stop loss: 0.0151
Position Size: 1% Risk on your capital/ 900
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 15% profit.
Trade active:
I am anticipating some selling here, as in the red boxed region. We are in overall sellers territory from the Daily perspective, But on the hindsight, we are in a Range also, But we have to respect the guys who are in control of the move. Buyers or sellers. I am taking out 50% of my profits and making my stops to Zero.
Trade closed: stop reached:
In the above post, I have mentioned to place your stops to "0"
