This is a longer term trade but can be made into many different trades very easily.... This will play out and I will have my SL a bit lower and use no leverage. To use leverage use a tighter SL and can always reenter if you want. I am just buying 200 ZEC and adding 50 each time it comes back into my buy zone.
Based off monthly and Weekly for targets.
Not financial advise just an idea that I am going to trade.
Trade active
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Buying more from here and moving SL to lower level... This is a long term trade.
Comment
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Trade still valid... I was stopped but reentered right after. Slight miscalculation of SL. I never use them that close but since I shared the trade I was trying to protected others capital. Sorry if anyone lost du to poor SL... It is safe to renter on pullback. 37 would be lucky.... 32.75 a godsend. My re-entry is at 33 with same plan.
i have used a similar accumulation approach buy under $44 and plan to sell $98 or reassess at that level depending on broader crypto market trend and sentiment
Z3R0-G3N3S1S
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@noam_chom, Shame but i reopened a new long from there. Should've expected that.... Didn't think they would make it that obvious so should have widened the SL... Honestly I should've seen that but I didn't think that would be so obvious. My SL wasn't hit actually I moved it and added to the position. In this market considering maybe a year till a true bull run and not just this back at forth I am TP quicker then usually and buying back at lows. Always keeping some to keep building my bags... I hope you didn't get stopped because of my idea... Trade will be good but ZEC is a slow moving asset at the moment and will require patience but all targets plus some will be possible long term.... As of now I have what I believe to be a phenomenal entry level.
noam_chom
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@Z3R0-G3N3S1S, i only take long positions and dont use stops so im fine, despite buying a bit higher than the most opportune levels (sub 33) i still see a rally to $100 later in 2023
Z3R0-G3N3S1S
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@noam_chom, I only used it to protect others and it was way too tight for me... I just reentered at 33 and was good to go. I don't normally use SL on these trades either but for the sake of honesty I did... It wasn't much... Now I have a good position. I agree 100 percent.. You think we got a bottom entry.. I do think 28-29 could be hit again.. I have no SL and liquidation is below 10.