My $FOGO Short call got stopped out at 0.004001.
Price only moved 0.74% in my favor while TP1 needed 1.56%, so the trade never got going. The stop closed beyond 0.004001 rather than just wicking there, which tells me the move had real follow-through against me. A practical takeaway: size positions so a single 2.62% loss stays small and leaves room to reassess.
What happened:
- Entry zone 0.00389–0.003908 filled right at the post
- Best move in our favour: 0.74% (TP1 needed 1.56%)
- SL 0.004001 hit ~1h after entry
- SL candle closed beyond the stop
- BTC over the same window: +0.25%
NFA · DYOR
Price only moved 0.74% in my favor while TP1 needed 1.56%, so the trade never got going. The stop closed beyond 0.004001 rather than just wicking there, which tells me the move had real follow-through against me. A practical takeaway: size positions so a single 2.62% loss stays small and leaves room to reassess.
What happened:
- Entry zone 0.00389–0.003908 filled right at the post
- Best move in our favour: 0.74% (TP1 needed 1.56%)
- SL 0.004001 hit ~1h after entry
- SL candle closed beyond the stop
- BTC over the same window: +0.25%
NFA · DYOR
