ETHEUR: Update - Longs viable
Updated
We can take the long side here with low risk. Size it to fit 0.5 to 3% risk, if price drops against you by 1.9 euros.
Each coin you buy, your risk is 1.9 eur basically. For example, if your account is worth 10k Eur, you can buy a maximum of 157 ETH, which I'd reccomend you buy over a week or two, entering gradually. Split the purchase between a few days, amp up the size on drops, until you have a full position, if not, simply add the same amount gradually. A good time to buy is earlier in the day (5am in Shanghai), which usually aligns with the start of chinese activity in BTC, each day.
Cheers,
Ivan Labrie.
Each coin you buy, your risk is 1.9 eur basically. For example, if your account is worth 10k Eur, you can buy a maximum of 157 ETH, which I'd reccomend you buy over a week or two, entering gradually. Split the purchase between a few days, amp up the size on drops, until you have a full position, if not, simply add the same amount gradually. A good time to buy is earlier in the day (5am in Shanghai), which usually aligns with the start of chinese activity in BTC, each day.
Cheers,
Ivan Labrie.
Note
7.91! Great. We might have the bottom in place.Note
I'm adding a third entry here, 7.81.Note
We need to close above the Finex hack key level asap.Then hold above, for the uptrend to continue, else we have to sell.
Note
Holding spot longs.Note
A close above the Finex hack level here will be extremely positive for ETH, watch it!Note
Note
There's some buying pressure here, but we still face resistance from the channel, keep an eye on it to add to ETH longs on the breakout.The fact that we stay far from the lows, and that very few people managed to buy down there is encouraging for now. Holding.
Trade closed manually
Support breaking down here, I'm out in minor profit.Note
Finally.
Note
Holding above the "Homestead fork" key level is a good start.
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