Spotting a set up

1 במרץ 2021

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.

2 במרץ 2021

הערה

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.