XVG - potential 25% trade
Updated
The bigger picture of xvgbtc (1D candles) looks good - MACD currently setting on the zero line and about to cross, there is a potential of up to 35% trade but I would go for a lower percentage (25%) and re-enter according to the dynamics of the chart.
Entry price; 4H and 1H chart shows a lower low, so from current market price till the lower low (4-8 hours from now)
Exit point; 25% above the entry price.
Time duration; It might take a few days but I would let it sit up till this weekend and then re-examine the position.
Disclaimer;
The above expresses only my opinion, this is NOT an investment advice, if you are interested seek a professional one.
Entry price; 4H and 1H chart shows a lower low, so from current market price till the lower low (4-8 hours from now)
Exit point; 25% above the entry price.
Time duration; It might take a few days but I would let it sit up till this weekend and then re-examine the position.
Disclaimer;
The above expresses only my opinion, this is NOT an investment advice, if you are interested seek a professional one.
Note
The recent ongoing correction gave excellent opportunity to buy lower prices.I would suggest buying the lower prices and adjusting the percent profit taking accordingly using same 25%.
Trade closed manually
XVGBTC broke its waves formation, now it's in the wild west, it can begin a new one or perhaps stay in the wild moving the same direction as BTCUSD, when it's up, XVGBTC will go up and vice versa.I would close this trade manually, buying the current dip, adjusting the average buying price and sell above it.
Disclaimer
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