Brothers, did you catch up to the spot we ambushed a few days ago?
AXTI short: the limit order price publicly posted 16 days ago was 80.703. Later, the price kept moving down to 70.067—this move is +13.18%. With 10x leverage, that’s +130%.
Now, how to look at the position: after the take-profit price, the price moved another -2.59%. The current price is 71.880, which still leaves -26.59% room compared to the highest point of the last ~60 K-lines at 97.920. The average volume of the most recent 5 K-lines is 0.59 times that of the average volume of the last ~60 K-lines, and the volume hasn’t contracted yet. There’s still room down to the lower end of the range—if the volume doesn’t shrink, you can keep watching for a further move downward.
If you didn’t catch up, don’t worry. Keep an eye on how the volume changes—there will be opportunities ahead.
$AXTI #TradeJournal
AXTI short: the limit order price publicly posted 16 days ago was 80.703. Later, the price kept moving down to 70.067—this move is +13.18%. With 10x leverage, that’s +130%.
Now, how to look at the position: after the take-profit price, the price moved another -2.59%. The current price is 71.880, which still leaves -26.59% room compared to the highest point of the last ~60 K-lines at 97.920. The average volume of the most recent 5 K-lines is 0.59 times that of the average volume of the last ~60 K-lines, and the volume hasn’t contracted yet. There’s still room down to the lower end of the range—if the volume doesn’t shrink, you can keep watching for a further move downward.
If you didn’t catch up, don’t worry. Keep an eye on how the volume changes—there will be opportunities ahead.
$AXTI #TradeJournal