Long
EDO/BTC 20% PP
Updated
EDO/BTC has been having large spikes in volume since JAN 21st. It is currently trading in a consolidation phase and is showing signs of a bullish uptrend. The price seems to have found support above the 2000SATS area and i am just waiting for some volume to kick in. The 22EMA is already trading above the 200EMA which is also giving a bullish sign. STOCH RSI is around 25, so once this starts curling up and crossing, there will definitely be some major price action here.
BUY: Between 2000 - 2030
SELL: 2447
SL: 1950
Remember to use your own technical analysis before making any trades. This is my own point of view and not trading advice. Trading is high-risk and may result in financial loss.
BUY: Between 2000 - 2030
SELL: 2447
SL: 1950
Remember to use your own technical analysis before making any trades. This is my own point of view and not trading advice. Trading is high-risk and may result in financial loss.
Trade active
EDOBTC did in fact do what was expected, however, i believe my TP was a little overly-ambitious. A nice rally to 2329 (15.3%)
Regardless, i am keeping my SELL order in as per the above and waiting for the trade to develop.
Trade active
EDOBTC dropped down to around 1958, coming super close to my SL. However, you know what they say: "Plan the trade and trade the plan". If it hits it hits. I will let this run and see what plays out.Trade closed: stop reached
You win some, you lose some. If i wasn't so greedy with my TP order, i would have probably set it around the first support of where the spike went to. But i live and learn as i go.
Related publications
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.