SHORT TROY at price area 0.00468 currently:
POSITIVE POINTS FOR SHORT:
Price has retraced close to resistance area 0.0047
RSI has bounced from the average area to higher
Momentum decrease is still strong
Red candle appeared with increased volume
Near MA20 area (dynamic resistance)
RECOMMENDED TRADE SETUP:
Entry: 0.00465-0.00468
Stop loss: 0.00485 (+3.6%)
Target 1: 0.0043 (-7.7%) - 60% size
Target 2: 0.004 (-14.5%) - 40% size
R/R = 2:1 (MORE ATTRACTIVE)
RISK MANAGEMENT:
With capital of 50-75 USD:
Recommended size: 200-250 USD (3-4x)
Maximum risk: ~8-10 USD (if hit SL)
Order splitting:
60% at 0.00468
40% if price rises to 0.00475
POSITION MANAGEMENT PLAN:
Move SL to break even when price hits 0.0044
Trailing stop when price is below 0.0043
Close immediately if BTC has strong fluctuations
IMPORTANT NOTES:
Ensure to set SL before entering the order
Do not average down if the price goes against
Monitor volume to confirm trend
Be cautious with market news
CONCLUSION:
BETTER SHORT CONDITIONS because:
Entry near resistance area
Better R/R (2:1)
More reasonable SL (3.6%)
Reversal signal appeared