axs still fighting very hard on support

a close below 5.8 would seal the deal

in a losing position for now, but no reason to panic here

trade is still valid!

if it goes bad we can do some position management -> how to manage your losing positions!

normally, when i'm in a losing position, there are two things i consider doing:

1. close at the smallest loss if things aren't looking good
2. average out my order by buying up/down (not recommended unless you really know what you're doing)

even if price goes your way after close, have NO regrets because capital preservation is very key for a trader.
what if price went against you even more?

#learn

still observing price action on axs now, nothing needs to be done

especially in times like this, when you're trading alts

it's important to look at bitcoin as well, because everything follows bitcoin now

adding 1% here to buy up my margin

new entry price

pretty interesting weekend with no dumps yet!

is it time for bull run to resume?

we should be flipping back down

important to note:

nothing is financial advice here as mentioned in the pinned message! (read it)

if you feel that you want to close, price is going to continue up, please do go ahead and close

i'm just sharing my positions, thoughts, and how i'm trading

i might be wrong sometimes too, no one can be right 100% of the time :)

there's this for btc

there's also this

ascending triangle

#analysis #calls

with it being the weekend, i still have more bias towards dumping

buying up AXS 2%

new entry price

will be letting it hit SL if it does

my loss if it hits SL is very manageable as i don't trade with huge % of my wallet!

risk and money management ++++

AXS pumped HARD while BTC is dumping

I feel this could be due to Stoploss hunting by whales/exchanges to liquidate people at certain price points that they think/know that many people placed their stop loss

it's a very real thing and something to look out for when you trade as well

#learn

:-) cheers

position management and knowing the market +++

closed the trade at small profit as i have to go off now,

might trade again at night,

until then please trade safe!!!

Cheers to no losses on the channel yet 🥳🥳🥳