I'm not super into this trade, it being the eve of US election, so definately manage your risk... but gonna take a link long here vs btc.
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I will manage it with a moving stop as opposed to a limit sell, as that will be the 5th touch on the resistance, and it very well could break through to the upside and reach its previous all time high.
Entry: 0.00081122
Stop: 0.00080000 or 0.00079000
Targets: 0.000850000, 0.00095000, w/ trailing stop
Watch out for election wicks.
Travis
In God's Will
JMJ
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I will manage it with a moving stop as opposed to a limit sell, as that will be the 5th touch on the resistance, and it very well could break through to the upside and reach its previous all time high.
Entry: 0.00081122
Stop: 0.00080000 or 0.00079000
Targets: 0.000850000, 0.00095000, w/ trailing stop
Watch out for election wicks.
Travis
In God's Will
JMJ
at least the trade is off to a nice start!