yanbuchanan

$ETC/USD Breakout trade setup (BULLISH)

לונג
yanbuchanan מעודכן   
BITFINEX:ETCUSD   אתריום קלאסיק
$ETC has the callisto airdrop March 5th. Noticed we are forming a symmetrical triangle here, and given a breakout, $60-70 will be the target within 10 days.

The trade is only validated upon breakout of the triangle which is looking like a good possibility now. Enter upon confirmation.

Breakdown of this triangle will invalidate the trade. Entering the trade now is risky but if you do, stop is set just under the recent swing low within the triangle.

Cheers!
הערה:
so far so good. Entered the trade with a small position @34.5 with a stop at 32.5

adding on confirmation of a breakout
הערה:
correction... trade entered @33.3 with a stop of 32.5 ( super tight stop as we are hugging the trendline)
הערה:
Trend line is holding up nicely. BTC charts looking might good as well. However, things can change very quick so dont marry your bias. SET STOPS just incase.
הערה:
BTC chart.... repeat of last run with 100% potential before the airdrop? Wouldnt surprise me.
הערה:
הערה:
So far so good. Volume kinda low but it just started peeking above that trendlinie
הערה:
AM! nice volume on that breakout! TRADE IS ON
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.