STEEM chart long entry

STEEM currently breaking the trendline, longed the break using tight stop loss 4341. My preffered strategy when investing into coins is to trade them without margin, entering ONLY on symmetrical price patterns and most importantly cutting the loss quickly if price goes against me. Using this approach prevents you from being stuck in coin that eventually fades all the way to 0 forcing you to loose whole invested capital in that particular coin.

For example using 100 USD to enter on 0.0004414 and using 4341 as SL gives you few advantages over just regular buy and hold. If price goes against me i lose on this trade only few % of invested capital, which means i can still enter when new price pattern appears, allowing me to still stay in game. However if price goes goes up a lot, then this still allows to create same profits that buy and hold does, but it prevents you from being "forced" to hold into coin that is potentially loosing its value day after day.