$FET broke below the 20-hour low on volume and I opened a short.
The 1h candle closed below 0.1419, the low of the previous 20 hours. I sold at 0.1406.
That candle had 4 times the average volume of the preceding hours.
Initial stop at 0.1454 (3.4% 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 each trade risks little.
This is not financial advice. Do your own research and adjust your risk.
$FET #trading #futures
The 1h candle closed below 0.1419, the low of the previous 20 hours. I sold at 0.1406.
That candle had 4 times the average volume of the preceding hours.
Initial stop at 0.1454 (3.4% 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 each trade risks little.
This is not financial advice. Do your own research and adjust your risk.
$FET #trading #futures