Some coins on Binance can provide very high profits while keeping the stop-loss (SL) extremely small and the risk low. 💰💎
👉👉Let me explain the psychology behind this trade—why I took it, why I kept the stop-loss so small, and why I set such a large target.👇👇👇📝📖
🔭First of all, $IRYS is one of Binance’s top coins, and it was running at around 80–90% plus.
🔭Secondly, I noticed that on the 3-minute timeframe, the price was moving directly upward along the EMA 15 line, showing strong upward momentum.
🔭Thirdly, I noticed a specific pattern forming on the 3-minute timeframe. It would form a hammer candle, followed by an engulfing candle. After that,I noticed that even though the market was moving directly upward after the #RedHammer and engulfing candles formed, I still waited for the price to liquidate this setup once. After that liquidation, I would enter the trade with a small amount of risk.
🔭I took this trade completely stress-free because my risk was very small. I set a larger target because I knew this was a top coin on Binance and was showing very strong momentum. So, if the trade caught momentum in my favor, I could make a substantial profit from it.
This trade was taken with proper planning, patience, and small-risk management.📝🥸
👉👉Let me explain the psychology behind this trade—why I took it, why I kept the stop-loss so small, and why I set such a large target.👇👇👇📝📖
🔭First of all, $IRYS is one of Binance’s top coins, and it was running at around 80–90% plus.
🔭Secondly, I noticed that on the 3-minute timeframe, the price was moving directly upward along the EMA 15 line, showing strong upward momentum.
🔭Thirdly, I noticed a specific pattern forming on the 3-minute timeframe. It would form a hammer candle, followed by an engulfing candle. After that,I noticed that even though the market was moving directly upward after the #RedHammer and engulfing candles formed, I still waited for the price to liquidate this setup once. After that liquidation, I would enter the trade with a small amount of risk.
🔭I took this trade completely stress-free because my risk was very small. I set a larger target because I knew this was a top coin on Binance and was showing very strong momentum. So, if the trade caught momentum in my favor, I could make a substantial profit from it.
This trade was taken with proper planning, patience, and small-risk management.📝🥸