Addendum — Scaling In and Out of Trades

  • Our (first) entry price is $37674
  • Our target price is $44420
  • Our stop loss is $36911
  • Our initial position size is 0.25 (we will be scaling in by 0.25 BTC increments)
  1. Close the position if the support doesn’t hold
  2. Let the position ride if it does hold
  3. Add to the position if we see bullish momentum
  1. We want our initial limit order to be filled
  2. We want the price to go up a bit (bullish momentum) before setting a new limit order



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