HBAR has been holding up reasonably well compared to many other alts. For that reason, I'm more confident to look for a bullish reversal pattern to play out. My entry will be around the bottom support, stop just below 0.05, target at the top resistance of the rising wedge pattern.
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MY POINT 5.96 risk reward entry price 1966.8 stoploss 1968.97 takeprofit -1953.23 Don't ask me why!!!
Losing trades aren't always bad. It's when you don't manage the trade before you lose that can make losing trades bad. Let me walk you through 4 positions that I stacked week and show you how I avoided losing thousands of dollars and kept the loss to under 1%. Firstly, it's important to understand that I am a swing trader which means I observe a variety of...
Clear trade set up. Break of downward trend line and key support, backtest of key old support, and formation of an inverse head and shoulders. Targets are set.
OG saw an incredibly bullish move earlier this year, where it gained over 350% in a mere two days. However, since topping around 16$ OG has been falling with no end in sight. This trade is based on the idea that OG is currently in a horizontal accumulation phase (purple area) and will soon, helped by Bitcoin, move back up towards the 2023 highs. Most likely,...
After a huge pump earlier this year, GRT has largely been trading bearish and losing value. However, a break out through the dotted diagonal resistance could be the catalyst to set off another pump for this token. Target placed at the 2023 highs, stop just below 0.12$. For a less risky trade you could take (partial) profits around 0.17$.
I've been following ID for a while now, with my previous analysis below. No entry was made before, but this time we will. ID has currently broken through a 3 month bearish resistance, which can potentially trigger a huge influx of both buyers and shorts that will close their positions, both very bullish. For the best risk-reward I'm looking at a 1$ target,...
Gold made its way to our 1955 level. We took profit on our buys from 1930-1933 range to close for +250 pip move. We took a 30-pip loss on 1955 level after it was broken and reset for buys on the new candle. We will risk buying here from 1954 sl 1950 we will aim to take this to 1974. If price breaks back under 1954 , we will likely stay out and wait for better...
USDJPY update, looking at USDJPY now based on my initial analysis we can see that the USDJPY tanked as per the initial forecast, there was some volatility during the course of the week due to fundamental events surrounding the USD which also acted as a catalyst towards increasing the overall momentum as we would’ve noticed with today’s NFP announcement. But...
BTC is seeing very start of the day, bring it all the way to the top of the range that we've been trading in for weeks now. Every time we broke above 31k, BTC sold off shortly after, so wait for the 4H candle to close above the range to confirm the break out. With all the ETF announcments I'm expecting strong volatility. For the best risk-reward I'm looking at a...
ID has been trading bearish for 2.5 months, losing over 75% of its total value in the process. However, it seems that there might be an end to the selling. ID is currently underway of breaking out through the dotted diagonal resistance line. Wait for the 8H candle to close above the line to confirm the break out and scout an entry. Target placed at 1.00, stop...
The ratio of win/loss in trading is an important metric that helps evaluate the effectiveness of your trading strategy. Here's a step-by-step guide on how to calculate and improve your win/loss ratio: 1| Keep meticulous records: Start by maintaining a comprehensive trading journal where you record every trade you make. Include details such as entry and exit...
STG has been trading bearish for almost all year. However, as of this morning the dotted purple resistance has been broken, giving way for more potential growth in the near future. My target is the 2023 top, stop under the recent swing low. A more defensive trade would be to take partial profits around 0.72 and/or 0.95
FET has been trading bearish for months. As of a couple of days ago, BTC saw a huge break out which will likely take alts with it. This trade assumes that FET, an early 2023 winner, will move up together with BTC. I'm waiting for the break out through the top diagonal resistance. Once a daily candle has closed above said resistance, we're entering from around...
liquidity swept and BOS done and oversold lets go LONG!!!
Trade Idea: Buying Gold Reasoning: • Weekly – Potentially forming a Morning Doji Formation (Bullish) • Daily – Bullish engulfing candle yesterday (Bullish) • 4hr - Price action above downward trend resistance and Ichimoku cloud (Bullish) • 1hr – Forming Bullish Pennant (Bullish) Entry Level: 1964.745 Take Profit Level: 1983.725 Stop Loss:...
The only crypto project which I did accumulate during bear market. In time I think Radix has a good change to be bigger than Polkadot and Cardano. I'd suggest you do your own research about them. 31st of july Radix Public Network upgrade from Olympia to Babylon will occur and ready build DEFI apps can move from "tech mode" to the main net, among other...