$AVAX broke below the 20-hour low on high volume, and I opened a short.
The 1-hour candle closed below 10.13, the low of the previous 20 hours. I sold at 10.01.
That candle had 5 times the average volume of the preceding hours.
Initial stop at 10.26 (2.5% 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 I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$AVAX #trading #crypto
The 1-hour candle closed below 10.13, the low of the previous 20 hours. I sold at 10.01.
That candle had 5 times the average volume of the preceding hours.
Initial stop at 10.26 (2.5% 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 I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$AVAX #trading #crypto