Someone asked me what I think about ENA, and I said—
A: ENA is being heavily capped above 0.1654, so I won’t add to my position.
B: Just go for it, ENA.
ENA is stuck in the 0.1615~0.1654 range, current price 0.1635, RSI 49.1. I don’t bet on a one-way move in this kind of sideways action. I’ll only follow long if 0.1654 breaks out, and I’ll exit directly if 0.1615 breaks down; otherwise, I do nothing.
A stop-loss is not admitting defeat; it’s leaving yourself chips for the next round. First figure out how much you can lose, then think about how much you can gain.
I only make moves in positions I understand. If I can’t understand it, I wait. How do you usually judge this kind of setup?
#ENA #tradingdiary
A: ENA is being heavily capped above 0.1654, so I won’t add to my position.
B: Just go for it, ENA.
ENA is stuck in the 0.1615~0.1654 range, current price 0.1635, RSI 49.1. I don’t bet on a one-way move in this kind of sideways action. I’ll only follow long if 0.1654 breaks out, and I’ll exit directly if 0.1615 breaks down; otherwise, I do nothing.
A stop-loss is not admitting defeat; it’s leaving yourself chips for the next round. First figure out how much you can lose, then think about how much you can gain.
I only make moves in positions I understand. If I can’t understand it, I wait. How do you usually judge this kind of setup?
#ENA #tradingdiary
