First Idea Post: ETH breakout above prior support level

Some bullish movement yesterday due to the BTC Segwit 2x suspension. We see the confluence of both a tested horizontal support level and a downward trendline . Breakout with good volume indicates a movement upward to the 330 area and then a possible retracement to test support turned resistance. Looking to close at the target of previous support resistance levels giving me an R/R ratio of 2 which is good enough to jump in.
交易结束:到达止损: The price came back to the resistance-turned-support level, hesitated and then blew right through it to my stop-loss. This mostly happened while I was asleep but that's exactly why we place stop-losses.

I risked 3% loss for a 7% gain with a very aggressive entry. If the price was higher I might have been a little more conservative and entered only after confirmation - that is to say, I would have watched the retracement and if it bounced off resistance at 320 with strong volume I may have jumped in. I also took a mental note that RSI was relatively high at entry which did increase the risk some.

Although my stop was reached and I lost 3% in this trade I'm very happy about it as the analysis was correct.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出