Quote from: whiteboy420 on October 18, 2019, 08:30:36 AM

Instead of getting margin called.

Have small amount of stops before the margin call. Your margin call price will get lower and have a stop before that call. (cross leverage)

Your position will be underwater and need a price above your oginal entry but better than losing it all.

Hopium is only above $9000

Adding to your longs isn't a good idea in this scenario.

Try to stay alive

Everything under $9k is a potential bull trap.

Above $9k and you have to analyze the market & adjust your stops.

Reduce or add but with multiple stops

Quote from: whiteboy420 on October 18, 2019, 08:47:56 AM

There is still a possibility for a retest of at least 9k

https://ibb.co/d58Ryvc

Well said. And, I should add, make the stops redundant - the last two should go over what's needed with the "close only" flag set. Just in case, you know. When turmoil and panic ensue, price jumps can be badly discontinuous.

At least your take about "breathing stops", as I call them, is IMO golden. Your analysis of current prices hits a fair match with what my SOMA tools report. Technicals apart, given the wimpy volume, 9k retest is entirely possible - for example, in the scenario where this is just a slow, deep "shake down" in a double "shake down, shake up" move or, even better, in a "shake down, move up (front run the halving)".

Note I'm saying nothing about your beliefs, "religion" or attitude, which might be seen as crappy and will be promptly swatted should the need arise.