USD-AI (CHIP): ~160% Short-term —Losing is part of the game

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USD-AI (CHIP): ~160% Short-term —Losing is part of the gameUSD.AI/USDTOKX:CHIPUSDTMasterAnandaThis is an easy chart to read and an easy target to hit. It is supposed to be easy if CHIPUSDT produces a bullish continuation. This trading pair already produced a bottom pattern and recovery, a broken downtrend, ready to produce a new move. This new move can translate into anything. Can be a long-term uptrend, a fake breakout, short-lived, etc. Right now the chart has bullish potential though. As usual, it looks good but things can change suddenly. Whenever I open a position I tend to define a stop-loss level. If the market moves down, after a while I just close the trade at a loss. If the market moves up, that's what we are looking for. While I am showing the bullish potential for this and other projects it never means that this is the only possible outcome or that it must happen. It simple means that's the direction we are aiming for. The SMA Fill indicator; it is turning green and now working as support. At the same time today's candle is trading above 0.148 Fib. extension. So there is no need to blame or cry or fight or complain if market conditions change. It is normal and it happens. We are not meant to win 100% nor 70% of the time nor any specific amount of times. We simply choose a chart setup that has high potential for rewards vs low risk. Let's say the risk is capped at 20% and we enter this trade with $100. The maximum loss is always $20 regardless of what happens. The risk has been defined so we know what we are getting into. If the trade resolves bullish, the target hits we get $263, that's 163% profits. A loss would result in $80 ($100 - $20). A win would result in $263 ($100 + $163). Are we good? If you cannot handle a loss, then you cannot trade. Losing is part of the game. Thank you for reading. Namaste.