ETHUSD

On ETHUSD we can see we hit resistance at th3 0.618 fib of the impulse move up from $116. So much fear for whales to trap at the moment. I'm in 3x on this one. I also like the golden cross. It could be a trap so most importantly I am managing my risk. I'm only risking 0.5% of my balance on this trade, so if I'm wrong, it's no problem. Trading based on emotions will cause you much stress and much loss. Trading based on risk management will allow you to sleep well at night and enjoy your life. Stop staring at the charts all day and start managing your risk properly. It is the single most important part of trading aside from patience and discipline.

Have a great Sunday!

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On to the next one.

BitMEX, ByBit
#ETH/USD Stoploss ⛔️
Loss: 14.1777% 📉

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I have opened another long. We can see a nice wick at the 0.5 fib. Shame on me for not waiting for it there. I'm in 3x on this. Let's go!

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ByBit, BitMEX
#ETH/USD Take-Profit target 1 ✅
Profit: 11.3772% 📈
Period: 5 Hours 36 Minutes ⏰