$CVX: Over the past hour, large traders piled into long positions much faster than everyone else (concentration rose by more than 40%). I went long.
Entry at 1.928.
Initial stop at 1.773 (−8.0%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price pulls back to it. If it hasn’t been hit within 7 days, I close the trade anyway.
Many trades don’t work out, so I risk only a little on each one.
This is not financial advice. Do your own research and adjust your risk.
$CVX #trading #crypto
Entry at 1.928.
Initial stop at 1.773 (−8.0%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price pulls back to it. If it hasn’t been hit within 7 days, I close the trade anyway.
Many trades don’t work out, so I risk only a little on each one.
This is not financial advice. Do your own research and adjust your risk.
$CVX #trading #crypto