A bullish hammer on the daily chart indicates that a retracement is due and the price could goes upwards for the coming few days. I have closed 3/4 of my sell positions and leave the remaining lots open.
On the other hand, a buy entry is placed at the daily candle's close with stop loss placed below the candle's low. This is a "set and forget" entry as I will only look at the chart again after 24 hours.
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