- Countertrend trading so it is risky
- Price broke through the trend line and 21MA on 5M chart and signified a trend reversal
- RSI divergence bullish price making LL and RSI making HH on 15M chart
I am wrong when
- Price bounces off 21 MA
- Price bounced low
- Should have set stop loss at lower low and just seen what happened with the price
- Set and forget trade but I should have managed it more on 5M
SHORT TRADE (system not showing pnl correctly with shorts)
- Price below 3 MA
- down trend with a big ass candle
- Broke S/R level with big ass candle
I made 80% profit which was great!
Things I have learned
Initial Purchase - 7.91919LTC @ 1,563.67 USDT
Account risk = 1.5%
Bought pullback to support on 30 minute TF. Limit Order
Sold 33% of position at 1.2% profit.
Slight splutter at 200USDT resistance, but broke through.
Moved SL up as price rose to minimise risk
Market sold remaining LTC @ 201.71 USDT after reversal
Crypto | LTC | Short
Crypto | LTC | Long