Basic Info for a Trading Setup (always given at charts)
- Target/ Entry/ Stoploss/ RR are given clearly in chart. - Trade is opened at Entry - Trade is closed at TP1 TP2 TP3 ... - Trade is closed at Stop loss - Scalp Target (Fast Food) is 5% at Alts & 2% at BTC.
- If there is no update in channel, just follow info given at original setup.
- If there is new update something like ( cancel trade, or take profit partially ...etc), follow latest update posts.
- When price is moving on right way, It is recommended to move stoploss price to profit zone.
- When price come to +1R profit zone, It is better to take profit one part. let the rest run to profit.
- Normally market can give you few times to revisit entry and you can reenter. The second time is good to re-enter at re-entry (If it is NOT good, I will remind you about it), The third time is risky. The 4th and 5th is high risk => Not recommended to re-enter.
Here is a reality check: We are in a big HTF range for #Ethereum and with the push to 4K in March we have broken 🗝️ market structure to the upside
Also, the local Weekly MS leading into it remains bullish, marked on the chart with HL (Higher Low) & HH (Higher High) aka market swings
What we are experiencing is a bull market pullback. Inversely, we saw a bear market pullback on March 22 circled yellow, which just as well resulted in further downside
Play the trend as long as the trend is holding well. Anticipating breakdown based on wishes isn't a profitable strategy
The next major HTF level is ATH. Only available to those with enough patience