This can turn out to be a powerful SHORT. Even though we develop a market bias by looking at hundreds of charts, all the signals (trade-numbers) are based on technical analysis. We use the broader market picture only to support the signals already coming from the chart.
If a chart looks weak or mixed, instead of imposing our beliefs on it we simply move on and find one that looks better. There are too many choices to peak the ones that a clearly doubtful.
Some grow while others go down.
The highest volume for SEIUSDT came on the 1st of October and this was a bearish session (closed red). High volume indicates that the bears are entering the market with force. After this signal, we saw lower prices, the start of the bearish impulse. We are seeing a bounce now, pull-back, and this can be used as an opportunity to sell.
The chart looks good but remember, market conditions can always change. This is not risk free, that is why you need to plan and have the right mindset if you decide to trade.
Some times we win, other times to we lose. But we try to make it so that we have more winning than losing trades. As for you, you just need to come out ahead as you grow and learn. If you are already experienced; Thanks a lot for your support &, Enjoy the profits.
Full trade-numbers below:
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SHORT SEIUSDT
Leverage: 4X
Entry levels:
1) $0.4444
2) $0.4000
3) $0.3800
Targets:
1) $0.3480
2) $0.3310
3) $0.3000
4) $0.2810
5) $0.2510
6) $0.2345
7) $0.2080
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 183%
Capital allocation: 3%
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The most successful traders in the world are not those that win 9 out 10. The biggest money makers are those that have a consistent plan and continue to improve everyday. The biggest earners tend to be those that catch a big move before it happens and max-out on those trades. Something like, "cut the bad trades fast, let the winners run."
When a trade goes bad, accept it, take the loss and move on.
When a trade goes good, make sure to maximize profits on it; let it run.
Here we have another chart setup, the last one of this session. It looks good, it doesn't mean that it must be a success. Anything goes, but we know the risk, the probabilities are toward the downside and thus, SHORT next.
When the market is bullish (trading low/near support) we go LONG instead.
This is not financial advice.
I am sharing my experience for learning purposes and for your entertainment.
Thank you for reading.
Namaste.