$WAL — Short 📉
After BTW, I learned an expensive lesson, so to speak xd. I entered a short position, and when the price broke through my SL, I didn’t close it. I stayed in, hoping they’d “get tired” of pushing it up, watching liquidity maps and waiting for the price to do what I wanted. That decision cost me a PnL of -$22.
With WAL, I want to do the opposite: stick to a fixed plan and not negotiate with myself afterward.
The context is that WAL is up +45% today. Volume is cooling off, and the 15m RSI is neutral (48), not overbought.
The liquidation map shows more liquidity accumulated on the long side, below the price, than on the short side, above it. This could favor a drop if support levels break, although on its own, it doesn’t confirm that it will happen.
My setup:
Entry: 0.06 - 0,063 (if the price reaches that zone and the setup is confirmed)
SL: 0,069 (above the recent ATH)
TP1: 0,055 — close 40% and move SL to breakeven
TP2: 0,0529 — close another 30%
TP3: 0,0478 — close the rest
I’m using low leverage, and if the price hits my SL, I’ll close with no exceptions. I’ve learned that a nice analysis is useless if you don’t stick to your own plan afterward xd.
If you’re going to enter, use a small position and low leverage, calculating the risk based on your own capital. Don’t use all your margin or blindly copy the entry; this could go wrong, and the SL doesn’t guarantee an exact execution price either.
This is just my technical read, obviously not a guarantee of anything. Do your own research before copying any entry, including mine. :v
After BTW, I learned an expensive lesson, so to speak xd. I entered a short position, and when the price broke through my SL, I didn’t close it. I stayed in, hoping they’d “get tired” of pushing it up, watching liquidity maps and waiting for the price to do what I wanted. That decision cost me a PnL of -$22.
With WAL, I want to do the opposite: stick to a fixed plan and not negotiate with myself afterward.
The context is that WAL is up +45% today. Volume is cooling off, and the 15m RSI is neutral (48), not overbought.
The liquidation map shows more liquidity accumulated on the long side, below the price, than on the short side, above it. This could favor a drop if support levels break, although on its own, it doesn’t confirm that it will happen.
My setup:
Entry: 0.06 - 0,063 (if the price reaches that zone and the setup is confirmed)
SL: 0,069 (above the recent ATH)
TP1: 0,055 — close 40% and move SL to breakeven
TP2: 0,0529 — close another 30%
TP3: 0,0478 — close the rest
I’m using low leverage, and if the price hits my SL, I’ll close with no exceptions. I’ve learned that a nice analysis is useless if you don’t stick to your own plan afterward xd.
If you’re going to enter, use a small position and low leverage, calculating the risk based on your own capital. Don’t use all your margin or blindly copy the entry; this could go wrong, and the SL doesn’t guarantee an exact execution price either.
This is just my technical read, obviously not a guarantee of anything. Do your own research before copying any entry, including mine. :v
