Attention everyone.. River just finished its bull run so from this point any longs will be liquidated. Don't be foolish from any upward reaction It is not worth to go short neither as funding rated will destroy your account slowly.$RIVER
$BTC yesterday reacted to news very positively which gives a loss of over 400$BTC That's why it is not a good idea to trade news. Unfortunately yesterday this rule broken Today that loss recovered with a bigger profit We are not hiding the losses and every trade is legit and not edited.
And here it comes the moment i was waiting to show everyone about our strategy. We are on -160$ currently Why i don't close my trade on loss?? 1st -Our weekly target has been reached yesterday and we are already on profit from the morning 250$ so i'm risking only my profits. So don't really bother about it (No stress) 2nd Price is over extended based on RSI, Let's don't talk about MACD.. 3rd price have to meat again VWAP now will VWAP can go higher? Possible but my loss will be smaller 4th we have an additional open order with similar size on 34700 to cover our loss or close on profit.Depends of market conditions 5th and most important price extended almost 5% in the past 24 hours so it have to create a higher low. 6th futures looks neutrial
For the above reasons we are very confident about our position.
Things are not going always according to plan but our job is to adapt and manage our risk
Never open a position with 100% of your account as you have to control the situation and not the situation yourself
Even if BTC is at the SWEET spot for shorting why we don't touch it yet? This move was based on CPI and not organic VWAP follow the price High volume at the top
Based on this factors we might see continuation so we prefer not to trade it.
Instead of following the wales. Why nobody talks about how powerfull is going against the buyers and sellers ratio? It's a great tool. If you master this method then straight away you minimise your risk by 35-40%
Many of you guys you will ask why do i close my positions too early? Answer is simple, i don't trade prediction, i trade reaction so doesn't really matter markets direction we make money anyways. answer below: -My drawdown is almost 0 and if i have any losing position price comes back to break even -With this strategy profit is almost guaranteed -0 stress It is preferable for me to take 5% daily with minimum risk rather than 5 or 10 with higher risk
Minimise the risk and don't be greedy. Greed is the main enemy on trading
I do see lot's of comments about River. Majority suggest to short it. Let's analyse it together and see if it actually a good idea.
-Ratio 0.29 Sellers are more than buyers. -Liquidity is thin -It's a meme coin -It's at it's 3 stage, that mean there is no contribution yet. -Price over extended
What i would suggest ? Stay away if you don't know what you doing. It's preferable for you to see another day with holding an account rather than liquidated one.
This kind of meme coins going after liquidations.
Even if you are right on the prediction price will move aggressively to get your liquidation level.
If you want to trade ,trade high liquidity only but be aware technicals does absolutely make no sense but your drawdown will be far smaller.
Stay safe
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