papermoneyman

BTC Long Idea (FAILED) 8/21/2019

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BYBIT:BTCUSD   None
After a move down I set some bids near the short term support with a stop right underneath that support. We dumped into my bids but kept dumping below support and hit my stop. I could have seen this coming, they broke support and washed out longs before now rallying back up. Need to be more patient and aware of SFP because usually where my stop is is where a good order could be placed. Remember, if you put your stops where everyone else has their stops then you will lose like everyone else, put your orders where people have their stops.
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Green lines are the two entries.

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