DETAILS
TP: 21297.77 (+$339)
SL: 20593.57 (-$358)
INITIAL THOUGHTS
4h crossed above the 50 MA. 1h crossed over yesterday at 10:00 AM. MY initial gut was telling me that it's going to range. I don't think my TP is going to get hit but here we are anyway...
UPDATE
07/15/2022 10:27 PM, -$295. Even hit a low of -$315. I think my SP is going to get hit. Might ride the next wave back up if it does.
REFLECTION
SL was hit. My TP would have been easily hit if I set a slightly wider stop. At the time of writing this, price is at 21391.70. Need to start using ATR as well to set a better stop.
07/18/2022 11:07 AM, price is currently at 22295.37 (+$1300) dipped a bit lower as of typing this to (+$1200). As mentioned in other trades, need to learn to start capitalizing on the full swing and setting better stops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-15 09:18:34 | BTC | buy | $20952.100 | long |
2022-07-16 01:59:57 | BTC | sell | $20587.390 | 0 |
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