5:1 trade opportunity on Etherium Classic
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.
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Breakout to downside confirmedTrade aktif
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.Trade aktif
I'm slowly adding limit orders to increase position size. Stops above red line to manage riskCatatan
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Hopefully some of you added to you position when i suggested!Rising wedge patterns in a bear market and very good to trade!
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Look to take partial profits and adjust stops to reduce risk during a tradeTrading ditutup: stop tercapai
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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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.