ETP trend continuation
Updated
We could see price continue its upward momentum on ETPUSD.
Price has been consolidating into a nice pennant formation and will hopefully start to squeeze a little. I will enter short on a confirmed breakout (around $1.29) with protective stops under the previous low ($1.18).
Should price reach the projected target it will net in a 2.5R/R and 20% gain without leverage. It will of course depend on how the Bitcoin price moves.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Price has been consolidating into a nice pennant formation and will hopefully start to squeeze a little. I will enter short on a confirmed breakout (around $1.29) with protective stops under the previous low ($1.18).
Should price reach the projected target it will net in a 2.5R/R and 20% gain without leverage. It will of course depend on how the Bitcoin price moves.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
Price has broken out. Volume is not impressive, ensure stops are in place.Trade closed: target reached
Smashed it! Price has stop dead at our take profit zone. Congrats to all that took this trade!
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