Ikhtiar Trading Jurnal

Today I attempted to sell GBPJPY with a stop-loss at 198.95 and a take-profit at 198.51. The GBPJPY candlestick pattern on the M15 timeframe also supports a bearish outlook. In the upper area, several reversal candlestick patterns, such as a bearish engulfing pattern and a long-tailed pin bar, formed near the resistance area around 199.20. These patterns signal that buyers are losing their power to push prices higher, allowing sellers to seize the opportunity to take control.

My open sell position on GBPJPY hit my stop-loss, resulting in a loss of $1.76. GBPJPY appears to have risen to 199.10 today, and currently appears to be trading sideways, with no clear direction.

Today I attempted to sell Litecoin with a stop-loss at 110.88 and a take-profit at 109.17. On the M15 timeframe, the candlesticks formed during the consolidation phase also exhibited numerous tails or shadows, especially at the top of the candles. These long upper shadows indicate price rejection during attempts to rise, thus reinforcing the suspicion that the resistance area is indeed a difficult barrier to overcome.

Today I attempted to sell Riple with a stop-loss at 2.8426 and a take-profit at 2.7760. Riple on the M15 timeframe. From a price action perspective, there are no visible trend reversal patterns such as a double bottom, bullish engulfing, or inverse head and shoulders. Instead, the price structure that formed favors a continuation trend. This aligns with the principle of technical analysis, which states that an established trend will tend to continue until there is a strong signal indicating a change in direction. Therefore, a more logical trading opportunity is to follow the trend direction by looking for sell opportunities.

Today I attempted to sell Solana with a stop-loss at 203.85 and a take-profit at 198.52. On the M15 timeframe, the candlestick patterns formed by Solana also provide important signals regarding market strength. Many candlesticks have fairly long upper tails, indicating strong resistance when the price attempts to rise. This phenomenon indicates that the market is more likely to respond to rising prices with selling, further strengthening the bearish trend.

Today I attempted to sell on Uniswap with a stop-loss at 9,771 and a take-profit at 9,561. On the M15 timeframe, Uniswap shows that after a significant decline, the price then moves in a consolidation pattern, tending to form lower highs and lower lows. This pattern indicates that buyers don't yet have enough strength to reverse the trend. Each time the price rises, a candlestick with a long upper tail appears, indicating strong selling pressure from market participants. This phenomenon further reinforces the view that sellers remain dominant in the short term.

Today I attempted to sell Dogecoin with a stop-loss at 0.21706 and a take-profit at 0.21310. On the M15 timeframe, Dogecoin appears to be holding the support area around 0.21300. This level appears quite important as the price has bounced off it several times, indicating some buying interest, though not particularly strong. Meanwhile, the nearest resistance is around 0.21700, as indicated by the position of the moving average (MA) line and the previous price reaction. If the price breaks above this resistance with strong volume, a longer upward correction is likely.

Today I attempted to sell Litecoin with a stop-loss at 110.88 and a take-profit at 109.17. On the M15 timeframe, the candlesticks formed during the consolidation phase also exhibited numerous tails or shadows, especially at the top of the candles. These long upper shadows indicate price rejection during attempts to rise, thus reinforcing the suspicion that the resistance area is indeed a difficult barrier to overcome.

My open sell position on Litecoin hit my stop-loss, resulting in a loss of $8.94. Litecoin appears to be rising today and is forming a new demand area, which will act as a barrier if it wants to rise. Currently, Litecoin is testing the demand area, which coincides with the 200-day moving average (MA). If it fails, it will likely rise again towards the nearest resistance area.

Today I attempted to sell Riple with a stop-loss at 2.8426 and a take-profit at 2.7760. Riple on the M15 timeframe. From a price action perspective, there are no visible trend reversal patterns such as a double bottom, bullish engulfing, or inverse head and shoulders. Instead, the price structure that formed favors a continuation trend. This aligns with the principle of technical analysis, which states that an established trend will tend to continue until there is a strong signal indicating a change in direction. Therefore, a more logical trading opportunity is to follow the trend direction by looking for sell opportunities.

My open sell position on Riple hit my stop-loss, resulting in a loss of $35.90. Riple appeared to be rising on the M15 timeframe and successfully established new resistance. However, it now appears to be falling again and has begun to move below the 200-day moving average (MA200).