Crazy 20:1 R.R Long XML trade

Price seems to have found sustain at around 0.30 usd level after 50% drop from last wave up so I went long at 0.29usd.
If that holds, I will keep selling 25% of my holdings at any round number starting from 0.35 till 0.55 (final target).
SL is very tight, so not more than 2% risk.
What do you think about it, and why?
Constructive feedback is very appreciated.

*Not a financial advice, just my very personal view.*

Yorum:

Now the trade reached 1:1 R:R, someone may want to set SL to BE.
Usually I do that to protect my capital, but not in this particular case.
I am still willing to risk 2% and give the price some more space to breath instead of (maybe) being stopped at BE and be left watching the price moving up afterwards.
I am watching the 5 mins chart, price is having good behaviour there (impulse up, bullish flag, repeat).
I will consider moving SL to BE once trade reaches 2:1 R:R.

İşlem elle kapatılmış:

Trade stopped at BE: no gains, no losses.
This is a clear example of how important is proper trade management.
Will find new opportunities.