DCR - DECRED LONG SWING
Updated
The last DCR idea i posted here was a short pretty much from the target of this trade. It worked perfectly although it took 2 months to complete.
With that said, this trade i am taking all the way back up.
We are at monthly support here (yellow line) and i aim to take it back up to monthly resistance. A BIG 60% move.
My SL is below the swing low (white line).
I'm scaling into a long now off the back of this Bitcoin strength hoping to see some BTC flow into alts.
Let's see.
With that said, this trade i am taking all the way back up.
We are at monthly support here (yellow line) and i aim to take it back up to monthly resistance. A BIG 60% move.
My SL is below the swing low (white line).
I'm scaling into a long now off the back of this Bitcoin strength hoping to see some BTC flow into alts.
Let's see.
Note
Just pushed slightly below the SL indicated on the chart but i was grabbing some in this area for the long term.Bounce nicely and now back in the range.
Let's see.
Trade closed: stop reached
SL breached here with BTC's strong moves recently. I'll be back to grab some more DCR soon.One to keep watching.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.