R.I.P. BCH

Very clean pattern,

Good luck

交易進行

Seems to be a breakout with a decent volume. I put my stop to my Entry point and increase my position

交易進行

Please note that if the price go back inside the pattern i will decrease my position

註釋

I expect retest of the 594 area before the down. Could go straight also

交易進行

stopped at Entry point for break-even.
Note : I come back to this trade if we get back in the pattern and expect a big move down if this happen

註釋

I see this stop-hunts often, this why i put my stop to break even as soon as possible.
This is actually tradable in both sides, but too complicated to explain here.
If we go back in the pattern, i expect a huge move down, my target will be minimum 538 for a far better risk reward

註釋

Entry around 600, according to price action

註釋

Trade is active, SL 610 , TP 570 and 538

交易進行

Expected red candle, Stop at entry point now

註釋

I will take 25% at 570, 50% at 538 and let the 25% left to ride it until 305 as a swing trade

交易進行

Stopped at Break-even again. looking for re-entry after this fishy pump

註釋

Looking to enter if it goes under 603-601.5

交易進行

Entry 602 SL 606 TP 25% 591 TP 50% 572 TP 25% 305

交易進行

Here's comes the big red candle i expected, moving stops to Entry

交易進行

Moving Stop to 600

交易進行

TP1 Reached : Trade in profit

註釋

Will be busy this week-end
Reminder : I am now freerolling 75% of my position
Stop is still 600$, i will move it to 590$ after TP2 is reached at 527$
Remaining 25% of the position will be kept until 305$.

註釋

Erratum : misspelled : TP2 is at 572$

交易結束：目標達成

TP2 Reached
I let 25% of my position running until 305$ and have profit locked.
Total success.
Another trade learned us that finding a setup is easy, managing a trade is hard.
This trade is good education it shows why you need to enter at the right time and lower your stop to your entry as soon as possible to avoid market maker to eject you from your trade.
A bad strategy would have been to put a larger stop, this is a leak a lot of people have and most of them are losing money doing so.

Good Luck and see you soon