Crypto Recon Calls
$velvet not done here
Closed 75% here, seems whales sold off around 0.70
Fully sold into this dead cat bounce and flipped short on $velvet targetting support at 0.40, sl 0.61 1hr close
Crypto Recon Calls
$UAI limit short at 0.42 looking to double top+ liquidity grab Tp 0.250 Sl 0.48 hourly close, watch out for wicks
This trade is still valid, I'm short from 0.39 and have a limit short at 0.42 double top+liquidity grab
Crypto Recon Calls
$UAI limit short at 0.42 looking to double top+ liquidity grab Tp 0.250 Sl 0.48 hourly close, watch out for wicks
Price dumped to 0.34 and now pumped to 0.37. Dead cat bounce IMO so I added to the short.
Crypto Recon Calls
$BTW looks good here for a long Tp1- 0.10 Tp2- 0.18 Sl reverse -25%
Added more to $btw, the longer the consolidation the bigger the breakout
Crypto Recon Calls
$UAI limit short at 0.42 looking to double top+ liquidity grab Tp 0.250 Sl 0.48 hourly close, watch out for wicks
Closed $UAI and opened a limit short at the liquidity zone at 0.41
Forwarded from Crypto Recon
I think $velvet retest 0.55 before making another move. This seems to be MM behind the pump.
Crypto Recon Calls
Reopened short Tp- 0.40 Sl reverse - 0.57
LESSON- do not gamble away your profits
Yes we made profit on the $velvet short after manipulated data by the market makers pumped it into the liquidity zone of 0.67. However I failed to look at the current liqudity zones and had I seen it earlier I would not have called the trade. Now the MM pumped price above the trend line trapping longs. I should have waited for a 15 min or 1hr candle close to flip long. If you see such liquidity zones on the short and long side then it's best to avoid the token unless you want to hold it at 1-3x leverage and withstand the swings.
Yes we made profit on the $velvet short after manipulated data by the market makers pumped it into the liquidity zone of 0.67. However I failed to look at the current liqudity zones and had I seen it earlier I would not have called the trade. Now the MM pumped price above the trend line trapping longs. I should have waited for a 15 min or 1hr candle close to flip long. If you see such liquidity zones on the short and long side then it's best to avoid the token unless you want to hold it at 1-3x leverage and withstand the swings.
-25% stoploss reverse strategy
From probabilities if you are trading on 3-5x you are more likely to hit your break even if you reverse your position rather than adding to your initial position. When I write -25% stoploss reverse it means the trade went against me and instead of completely closing it for a loss, reversing can save you.
Depending on the price action, the reversal can turn into profit but the goal of it is save your initial capital so if it reaches your break even you can close the trade completely or close like 50-75% of it and continue the reversed position and setting your stoploss at break even.
From probabilities if you are trading on 3-5x you are more likely to hit your break even if you reverse your position rather than adding to your initial position. When I write -25% stoploss reverse it means the trade went against me and instead of completely closing it for a loss, reversing can save you.
Depending on the price action, the reversal can turn into profit but the goal of it is save your initial capital so if it reaches your break even you can close the trade completely or close like 50-75% of it and continue the reversed position and setting your stoploss at break even.