It’s my first IDEA on trading view, would like to know what the community thinks, comments are welcome.
I hold some NEXO tokens as its the interest I earn on some crypto I hold for the long term.
I plan to sell this NEXO token for USD when it hits the longer timeframe reversal, I don’t have much experience in crypto but let’s assume it’s subject to , I’ve seen it somewhat respects EMAs and on my research and that crypto may create bubbles and are volatile.
I normally don’t trade crypto as it doesn’t have much fundamentals or levels that serve as for me but looking to do in the future. (As always risking what i can afford to loose).
Let me know what you think and if is good for crypto?
ABOUT ME & MY TRADING STRATEGY:
I normally only trade forex and sometimes stocks.
I do not use stop loss, I manually close trades due to the reversals, I operate multiple small lots that will last a few hours, or few days. (RISK MANAGEMENT).
I sometimes scalp or intraday on 10 on 1H OR 4H timeframe.
When going short a higher lot, when going long a smaller lot – every lot operated is examined that wont exceed risking my account, i don’t exceed or use much leverage.
I only enter a trade when is low or high depending on the timeframe I will operate, examining other timeframes – LOW RSI: BUY – HIGH RSI: SELL, always on top of the EMAs never in the middle for 1H 4H 1D or 1W, I may examinate all timeframe before entering and may check correlation or fundamentals.
I have listed all major, minor and emergent forex and choose to operate whichever offers me the best option.
I check the economic calendar for unexpected news.
I TP on EMAs or levels.
RISK MANAGEMENT & PSYCHOLOGY is very important for me, i do not risk want i cant afford to loose.