📈 Long w/a chance of rain ⛈ [$CRO,$BTC must hold these levels!]

30 sie 2022

Current Position: LONG CRO

This weekend was full of tight range trading. Great for practicing good discipline, stop loss setting, accumulation distribution strategies and profit taking when trading with leverage. All MUST HAVE's for successful day trading.

Overall, I'm still feeling bearish, i'm looking for opportunities to LONG the rallies and stop hunt loss type scenarios when trading activity pushes to the upside after a weak (low volume) tumble. I exited my longs last night in the .1209 range, feeling the fast push into .1220's wasn't likely to hold, given the overall weakness in volumes. I'm rebuilding my LONGs in the .1170 - .1190 range, as it appears we're nearing the bottom of the +4 day trading range according to my accumulation fann analysis of CRO. If we bit the dust and fall through .1170, i'll likely be switching short with a target of about .1115, where i'd switch back again to LONG, but again, only short-term.

I'll take profits (start distribution) in the .1218-.1225 range, but I won't sell out completely, as I anticipate we could see a pump to .1240 throught out the day. If we push through .1240, i'll wait for the retrace and buy back in at .12, with a possibility of a double push to .124 in the coming 24-36 hours.

My goal is to make 5% returns per day on my trading, on average, per month. I'm primarily trading CRO, but also ofc accumulating BTC, ETH and some other alts along the way, in preparation for the long term gains as crypto is more broadly adopted globally for all the right reasons!

What are your trading goals? What's the max leverage you're using, and why? I'm setting mine at 10x, but avoid using more than 5x, unless i have really tight stop losses in place and a very good reason!