TRX
מעודכן
Previous TRX short was stopped out with minimal loss. SL had moved down after position was in profit, so total loss was 5% of trading/mex account or 0.003% of total account.
The pump on Bitmex was a high probability scenario as mentioned before. I am going to assume the main manipulation is over and have reentered on the current pump. Position size is smaller for now. Considering this a high risk trade as Large players are obviously throwing their weight around with TRX at the moment.
SL (grey)
Entry (green ) filled
Additional short orders (red)
TPs (orange)
Difference between spot and futures PA is glaring
The pump on Bitmex was a high probability scenario as mentioned before. I am going to assume the main manipulation is over and have reentered on the current pump. Position size is smaller for now. Considering this a high risk trade as Large players are obviously throwing their weight around with TRX at the moment.
SL (grey)
Entry (green ) filled
Additional short orders (red)
TPs (orange)
Difference between spot and futures PA is glaring
הערה
Trade going well so far. First two TPs hit and SL updated to B/E for remaining position. Unless I see a change in market structure, I will reload shorts on bounce up to first TP area. Have a large bid just below the range support, now resistance from before the breakdown. הערה
Closed remainder of position. Waiting for a breakdown to short again, or a bounce up to the 670 region. Averaged 12% profit on the trade.הערה
TRX did eventually hit all my TP levels, but as stated above I closed out this position early, and was satisfied with the profit from it. The TRX futures contract I was trading closed out March 29th with a low of 558 Sats, before the new lows. I am now watching it for a prime buying opportunity on the daily-weekly charts.
כתב ויתור
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