$FLOKI Long Trading Plan
#FLOKI #methodalgo
reason:
1. 4H RSI column white CycalWave callback
2. Two consecutive HLs are bullish
3. Ascending triangle
đMy trading plan:
Risk: 2%
đPosition: 0.02918
đŻTP1: 0.03137 (23.6%)
đŻTP2: 0.03274 (resistance level)
đŻTP3: 0.04020 (below the 4H red magnet)
đŽStop loss: 0.02800 (below the 1H white magnet)
Stop loss is reached and the transaction is recorded as a loss
Stop-loss review: The 12-hour view shows that the backtest rebound after falling below the channel has a partial head-and-shoulders bottom pattern and is a red magnet. The best position to take the long position may be at 0.618.