DOT / TetherUS PERPETUAL CONTRACT
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DOT LONG PLAN (SHORT TERM) 12/5/2023

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I Draw a Paraller Channel By connecting the height of 27 and 30 of April , and Drag it downto the low of 27 April. Price Currently shows rebound at P.channel support (15m n 30m chart).

Entry Long Limit: 5.13 (P.channel support)
SL: 1.5 - 2% BELOW ur entry price
TP :5.29 - 5.3 (previous high)

Reason I didn't plan to long when breakout GREEN trend line are bcs the RRR is not interesting, Tp just 1% not worth it.

*I just want to catch some rebound on smaller timeframe(Short term), Major trend are Downtrend.
*Make sure ur RRR is 1:1 or more before entering this trade. Must put SL, bcs now is Downtrend in Big time frame such as Day chart, if u no hv SL, most likely u will face problems like liquidations
*If price didnt go down and direct touch TP point then this trade not valid anymore.

This is just my plan, not a financial advice. If you are not comfortable with this trade then just ignore it.
註釋
Opps, I accidentally turn on the log on Tview.

Entry price should be 5.06-5.09 (P.CHANNEL support)
SL :1.5 -2% below P.channel
TP : remain the same
註釋
快照

Unlucky, the lowest price was 5.1, just 0.01 away from entry price =.=
"The farthest distance in the world".

If u did long it, leave a comment to let me know~~
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