Long
ICN/BTC Pressure building
Updated
Not much history to go on in the chart. Respectable and anticipated project in itself.
Bought a few days ago for a long. It could still go sideways for a couple of weeks in this nice tight channel. The second red line is the all time high. If it breaks that then it's unchartered (and uncharted) territory.
Bought a few days ago for a long. It could still go sideways for a couple of weeks in this nice tight channel. The second red line is the all time high. If it breaks that then it's unchartered (and uncharted) territory.
Note
Break out of channel. It did pop a tiny bit over last all time high. Still got some good momentum and the order book is pushing upwards.I'm trailing a loose stop right now to allow for some volatility. I will tighten it up, or just sell, if it looks to be losing momentum.
Trade closed: stop reached
So Bitcoin moved. It's a little risky to trade most things with bitcoin being so bullish. Anyways I made a small profit. Just a 1:1. I trailed a stop that got hit on the retrace due to the bitcoin move.ICN still looking bullish in my opinion. Will keep watching.
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