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Loss Entry: - 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 Stopped out
- 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)
Entry - 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 136.16
140.7
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
Objects 1—25
Crypto | LTC | Short
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Crypto | LTC | Long