RSIExperiment

📉 My RSI Experiment: How I Almost Lost the Trade, but Still Closed It in Profit

I'm not a highly experienced trader, and honestly — trading doesn’t always go well for me. But lately, I’ve been experimenting a bit more to better understand indicators.

Here’s how it went 👇

I noticed that Cardano ($ADA ) was overbought on the 1-hour and 15-minute charts, while on the 4-hour chart it was approaching the oversold zone.

I decided to enter a short position, even though the TradingView strategy indicator gave the signal later than when I entered.

💡 I was planning to set a stop-loss, but since I only had $0.9 on my account, I changed my mind — I decided to just let the trade “run.” If I had placed the stop-loss where I intended, the trade would’ve been closed at a loss.

The price dipped almost to –$0.5, but I patiently waited for a reversal.

🔗 After that, I placed a Fibonacci retracement and set my take-profits at the 0.5 and 0.618 levels — and it worked out. In the end, the trade closed in profit, and I earned $0.51.

This experiment taught me a few lessons:

— Indicators don’t guarantee perfect entries, especially if you jump in early;

— Fibonacci can really help with setting take-profits, even if you draw it after the reversal;

— Even with a small deposit, you can learn valuable lessons.

✅ If you found my experience interesting — leave a reaction or share if you've had a similar case with indicators.

I don’t often share such experiments, but if people enjoy it — I’ll show more over time!

#Cardano #ADA #tradingjourney #RSIExperiment
#CryptoLessons

$ADA