TradingView
Sparkster
12 giu 2020 12:05

Is A 1.6% Upside Target Worth The Risk? Long

Bitcoin / TetherUSBinance

Descrizione

Without carefully crafted historically backtested strategies, the kinds of trades available on short-time frames within the current market structure are high risk.

Check this one out. 3 'white soldiers' candle formation on the 4 hour chart. Looks good. MACD pushing up. But look at the overhead resistance level. It's just 1.6% above current price. Would you risk leveraging long for such a small move? Or would you wait for stronger momentum on a higher time frame?

Commento

Price is now demonstrating the point by leaning over towards decline.



Look for trendline support to be broken again and another deep slide incoming.

Commento

Trade attivo

Clearly not this time, hence illustrating the problem of short time-frame trading within larger time-frame momentum swings.

Commenti
TribeWriter666
Good call, well done
Altro