hedgewithcrypto

5:1 trade opportunity on Etherium Classic

做空
hedgewithcrypto 已更新   
BITFINEX:ETCUSD   以太坊经典
We have another rising wedge pattern setting up on Etherium Classic.

Reasons for sell trade:

  • Rising wedge meetings rules
  • Decrease in volume
  • Break of the RSI trend line
  • Bitcoin has similar rising wedge pattern forming

Projected stop loss and take profits targets are shown.

A move above 16.3 would invalidate this setup.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
交易开始:
Breakout to downside confirmed
交易开始:
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.
交易开始:
I'm slowly adding limit orders to increase position size. Stops above red line to manage risk
评论:
交易开始:
Hopefully some of you added to you position when i suggested!

Rising wedge patterns in a bear market and very good to trade!
交易开始:
Look to take partial profits and adjust stops to reduce risk during a trade
交易结束:到达止损:
Failed to reach profit target.

Still a great trade if you had good risk management and took partial profits as mentioned above.

Onto the next trade!

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