$ZK broke below the low of the last 20 hours on high volume, and I opened a short.
The 1-hour candle closed below 0.01528, the low of the previous 20 hours. I sold at 0.015025.
That candle had 2 times the average volume of the preceding hours.
Initial stop at 0.01573 (4.7% 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, which is why I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$ZK #trading #crypto
The 1-hour candle closed below 0.01528, the low of the previous 20 hours. I sold at 0.015025.
That candle had 2 times the average volume of the preceding hours.
Initial stop at 0.01573 (4.7% 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, which is why I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$ZK #trading #crypto