Limit orders

I took a stop loss on the AVAX after the wedge broke downwards rather than upwards and had added a PEPE position for good measure, but it may have been an error to duplicate.

With hindsight, it would have been fine to sit out from Tuesday this week if it had been possible to anticipate that momentum was weak and a move down might happen.

One giveaway was the Stochastic RSI signalling overbought on the daily, and logic also dictated that we'd had a good period of days.

It's Friday today so i don't plan to take any further actions until next week but i have marked out some levels on BTC that could get hit over the next few days and have placed small limit orders from 84500 down to 83900 in $100 increments with small sizing.

It's risking slightly more in one trade and we'll have to try and adjust the stop loss on Sunday night to a safe place. A black Swan event would necessitate one safety order being placed, but failing that we should cover the possibility of entering on a low with some optimism coming at some point if the cycle is not dead.

It's a much cleaner setup than the previos two.

Speaking of which, this is the BNB monthly chart. Clean attempt at resistance and any re-test could be a good spot for leverage but general spot accumulation would be wise as you have an invalidation level in mind. I've entered small position with a safety order for this pair now, and will have to live with the slight over-reach this week, if I allow this as a swing trade opportunity.

The final chart which is more lined up for next week follows a coin which has been on a tear lately and would be worth entering if we got a decent pullback, which might not happen. It's outside of the top 10 but we did well on it before and trader Eliz is also eyeing up a re-entry. Orders are in the box, and in general they are very small and I'm much happier hoping the price goes down in the short term than desperately hoping it doesn't go down!

In a bit enthusiastically and needing to upgrade some stop losses as the trend reversal allows within the broader recovery from the lows, without huge impetus.

The best case for a local bottom is in the 15 min BTC chart, with bullish divergence visible. Not too late tonight then it's minimal input over the weekend.