Short on $PROM: breakdown with volume, below its EMA200.
The 1-hour candle closed below 5.955, the low of the previous 20 hours. I sold at 5.016.
That candle saw 29 times the average volume of the preceding hours.
Initial stop at 5.379 (7.2% above). No TP: I use a trailing stop: it moves down with the low and closes if the price rebounds to it; 7 days is just the maximum.
Many trades don’t work out; that’s why each trade risks little.
This is not financial advice. Do your own research and adjust your risk.
$PROM #trading #crypto
The 1-hour candle closed below 5.955, the low of the previous 20 hours. I sold at 5.016.
That candle saw 29 times the average volume of the preceding hours.
Initial stop at 5.379 (7.2% above). No TP: I use a trailing stop: it moves down with the low and closes if the price rebounds to it; 7 days is just the maximum.
Many trades don’t work out; that’s why each trade risks little.
This is not financial advice. Do your own research and adjust your risk.
$PROM #trading #crypto