WAVES/USDT 2 possible short scenarios
Updated
Everything is stated on the chart.
Hoping for a swing fail on previous highs to enter a high probability short after the deviation.
Don't forget to take profits on the way down.
Hoping for a swing fail on previous highs to enter a high probability short after the deviation.
Don't forget to take profits on the way down.
Note
Stop-loss on scenario #2 might be a little tight. Feel free to place it higher as long as you keep a good R/R.Trade active
Scenario #2 it is!I set my TP's like this:
TP1 $29.94
TP2 $28.64
TP3 $26.43
TP4 $22.74
TP5 $20.12
close 20% of position on every TP.
I will move stop-loss to break even or in profit accordingly.
Trade closed: stop reached
Unfortunately my stop-loss has been hit overnight. Lesson learned, I entered too early. Will re-enter at some more confirmation.
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