There is a good potential head- & shoulder pattern to open a long trade, we just need confirmation it finish the head- & shoulder pattern.
Buy: 8.20 usd
Stop-loss: 8.00 usd
Target 1: 9.25 usd
Taget 2: 10.50 usd
Buy: 8.20 usd
Stop-loss: 8.00 usd
Target 1: 9.25 usd
Taget 2: 10.50 usd
Trade active
Trade active Bought at 8.20 usdTrade active
We did hit our first target really fast! We sold our position at 9.25 because of our limit order. And bought back again @9.10 with a stop-loss @8.80. We bought again because of the new good setup.I recommend people always set a sell order at your first target price. Because if a coin is pumped really fast, like in this trade, you most often get a pull-back. So what I like to do is take ur profit at the first target and look for a good momentum to reach the second target and buy in.
When a market go more slowly, you can just move ur sell order to the second target!
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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.