low risk entry

Vet has been performing well for the previous month, while some traders may decide to fomo to get in, I will try to wait for low risk entry to get in some of the position and today is one of the example of low risk entry. The coin pull back for last couple of days and finally reaches to the MA. Today, the coin reacted well and find support at the level, therefore I may get in to the position and stop loss at the previous low at around 0.84. Conservative trader may wait until the bar finish to see if the close price is higher than previous bar high to get in, but you get the idea.. the key is to trade where you know where to stop loss such that you can tell when to take half of your profit and let the coin run in your favour.

Stay safe and healthy~

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