5:1 trade opportunity on Etherium Classic
Aktualisiert
We have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
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.
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.
Trade ist aktiv
Breakout to downside confirmedTrade ist aktiv
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.Trade ist aktiv
I'm slowly adding limit orders to increase position size. Stops above red line to manage riskAnmerkung
Trade ist aktiv
Hopefully some of you added to you position when i suggested!Rising wedge patterns in a bear market and very good to trade!
Trade ist aktiv
Look to take partial profits and adjust stops to reduce risk during a tradeTrade geschlossen: Stop wurde erreicht
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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