For $STEEM :
On the 4-hour timeframe, there is a bullish gap whose center is around $0.05686.
Although the RSI indicator is overheated at the top around 93, the Volume indicator still suggests the presence of buying momentum.
Long entry
At the center of the bullish gap: $0.05686
Stop loss: $0.04988
First target: $0.07081. Close 40% and move the stop to the entry price.
Second target: $0.08476. Close 40% and move the stop to the first target.
Leave the remaining 20% with a trailing stop activated at $0.1086$ with a 2% pullback ratio.
Important warning ⚠️✋:
Don’t forget risk management and don’t risk more than 1% of your capital.
If, while preparing the trade, you find that you will lose more than 1% of your capital when the stop loss is hit, immediately reduce the contract size.
To continue trading, make sure your loss if the stop is triggered is no more than 1% of your capital.
Avoid high leverage and avoid greed.
On the 4-hour timeframe, there is a bullish gap whose center is around $0.05686.
Although the RSI indicator is overheated at the top around 93, the Volume indicator still suggests the presence of buying momentum.
Long entry
At the center of the bullish gap: $0.05686
Stop loss: $0.04988
First target: $0.07081. Close 40% and move the stop to the entry price.
Second target: $0.08476. Close 40% and move the stop to the first target.
Leave the remaining 20% with a trailing stop activated at $0.1086$ with a 2% pullback ratio.
Important warning ⚠️✋:
Don’t forget risk management and don’t risk more than 1% of your capital.
If, while preparing the trade, you find that you will lose more than 1% of your capital when the stop loss is hit, immediately reduce the contract size.
To continue trading, make sure your loss if the stop is triggered is no more than 1% of your capital.
Avoid high leverage and avoid greed.