Strategy: Buy-on-a-dip After a Bullish Breakout
We were anticipating ADX/BTC to pullback towards 12000 satoshis after the bullish breakout yesterday. We also wanted to see the RSI close to 40. This scenario is materializing and there was already a show of strong buyers around 12100.
Risk on this one is a tad higher than usual. My total position size here will adjust to about 3/4 the size of my standard position size.
1) 13400 (16.52%).
2) 14000 (21.74%)
3) 14500 (26.09%)
The reward to risk here is on the low end for me, but I am aggressive because that bullish breakout looked clean.