Spotting a set up

2021年3月1日

How I found a good spot for a long play. May or may not be a final low, use stops always. Go to a smaller time frame to watch the setup develop. In this case a double bottom on a 12 min chart. Not noted on charts: later swing lows were on low volume compared to previous lows, signaling that selling was weakening as the 50 fib was approached.

2021年3月2日

註釋

Initial trade should have trailed with stop loss, stopped out all or 1/2 near 48k. If half, put a stop above break even on the trade. Playing with house money now.