#TradeStories
Long INIT order at 0.5980 – Adjusting strategy to adapt to the market
Content:
I entered a Long INIT order at 0.5980 USDT, with SL at 0.57 USDT and initial TP at 0.69 USDT. However, after re-evaluating the market situation:
• Current price around 0.6039 USDT, slightly recovering from the bottom of 0.5673 USDT.
• Trading volume gradually decreasing, indicating weak upward momentum.
• Overall trend remains bearish, with lower highs.
Strategy adjustment:
• New TP: 0.62 – 0.63 USDT, aligned with short-term recovery potential.
• SL unchanged: 0.57 USDT, protecting capital if the market continues to decline.
Lessons learned:
• Flexible adjustments: The market is always volatile, timely strategy adjustments are necessary.
• Risk management: Always set SL to protect capital.
• Don't have overly high expectations: Set reasonable TP based on market developments.
What about you?
Are you trading INIT? What is your strategy in the current context?
