My first entry on FOLKS was planned at the level of 20.5 and a stop loss of 5%
Why❓ At that moment these were the last liquidation zones and it seemed to me that the coin would take them and fall 🤑
But that wasn't the case 🤣 I got stopped out after a couple of minutes 🤣
Then I continued to look for a place for the short, but when I opened the liquidation map, I saw that too many liquidation short positions had already been applied and the short is canceled.
And here I opened 2 trades, but in Long. Greed for missed profit came to me, and the coin wanted to conquer new heights, I closed this trade at +8%.
And then trade number 3, the last liquidation zones were at 30.00 and I set a pending order again with a -5% stop loss. The position opened and the candle went down, then I moved the stop loss to the 28.5 level, which is 5% profit, and take profit at 24. It seemed like we were about to hit the liquidation zones below, but it didn't happen and I got closed by the stop at +5%. Although I could have easily closed at +10%, but again greed didn’t let me rest🤣
💡Moral of the story. Set your stop losses; it's not a loss but a preservation of your trades, and as you can see in the short position, I was able to cover one short position with a second short position❗
If I had entered Long right away, I would have already had +30%, but who knows where the coin will go, logically down🤣
I don't plan to enter earlier than 32-33, the movement is just too fast. Or during a trend change.
