$ZAMA broke below the 20-hour low on volume and I opened a short.
The 1-hour candle closed below 0.06915, the low of the previous 20 hours. I sold at 0.06667.
That candle had 8 times the average volume of the preceding hours.
Initial stop at 0.06942 (4.1% above). No TP: I use a trailing stop: it moves down with the low and closes if the price bounces back up to it; 7 days is just the maximum.
Many trades don't work out; that's why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$ZAMA #trading #futures
The 1-hour candle closed below 0.06915, the low of the previous 20 hours. I sold at 0.06667.
That candle had 8 times the average volume of the preceding hours.
Initial stop at 0.06942 (4.1% above). No TP: I use a trailing stop: it moves down with the low and closes if the price bounces back up to it; 7 days is just the maximum.
Many trades don't work out; that's why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$ZAMA #trading #futures