$SEI broke the 20-hour low on high volume, and I opened a short.
The 1-hour candle closed below 0.04785, the low of the previous 20 hours. I sold at 0.04732.
That candle traded 3 times the average volume of the preceding hours.
Initial stop at 0.04858 (2.7% higher). No TP: I use a trailing stop: it moves down with the low and closes if the price rebounds up to it; 7 days is just the maximum.
Many trades don't work out; that's why each trade risks very little.
This is not financial advice. Do your own research and adjust your risk.
$SEI #trading #crypto
The 1-hour candle closed below 0.04785, the low of the previous 20 hours. I sold at 0.04732.
That candle traded 3 times the average volume of the preceding hours.
Initial stop at 0.04858 (2.7% higher). No TP: I use a trailing stop: it moves down with the low and closes if the price rebounds up to it; 7 days is just the maximum.
Many trades don't work out; that's why each trade risks very little.
This is not financial advice. Do your own research and adjust your risk.
$SEI #trading #crypto