EMC2/BTC New Hunt Volatility Funnel (HVF)
Updated
(Note: I'm a beginner at technical analysis. Comments welcome.)
Hunt Volatility Funnel (HVF). Volatility decreasing recently. Breakout if price reaches 383 satoshi. Stop loss percentage is large, but still 4.88 Risk/Reward Ratio due to 53.52% target. Stop could probably be tightened to increase RRR as time goes on.
EMC2/BTC is a very low liquidity market, so the trade will not execute perfectly.
Though I did not trade it correctly, EMC2 did hit my target on previous funnel 10 days ago:
Hunt Volatility Funnel (HVF). Volatility decreasing recently. Breakout if price reaches 383 satoshi. Stop loss percentage is large, but still 4.88 Risk/Reward Ratio due to 53.52% target. Stop could probably be tightened to increase RRR as time goes on.
EMC2/BTC is a very low liquidity market, so the trade will not execute perfectly.
Though I did not trade it correctly, EMC2 did hit my target on previous funnel 10 days ago:
Trade closed manually
Closed this trade manually due to low liquidity market. 39% good enough for me on a shitcoin.
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