EDO/BTC has been having large spikes in volume since JAN 21st. It is currently trading in a consolidation phase and is showing signs of a bullish uptrend. The price seems to have found support above the 2000SATS area and i am just waiting for some volume to kick in. The 22EMA is already trading above the 200EMA which is also giving a bullish sign. STOCH RSI is around 25, so once this starts curling up and crossing, there will definitely be some major price action here.
BUY: Between 2000 - 2030
SELL: 2447
SL: 1950
Remember to use your own technical analysis before making any trades. This is my own point of view and not trading advice. Trading is high-risk and may result in financial loss.
BUY: Between 2000 - 2030
SELL: 2447
SL: 1950
Remember to use your own technical analysis before making any trades. This is my own point of view and not trading advice. Trading is high-risk and may result in financial loss.
Trade active:
EDOBTC did in fact do what was expected, however, i believe my TP was a little overly-ambitious.
A nice rally to 2329 (15.3%)
Regardless, i am keeping my SELL order in as per the above and waiting for the trade to develop.
A nice rally to 2329 (15.3%)
Regardless, i am keeping my SELL order in as per the above and waiting for the trade to develop.
Trade active:
EDOBTC dropped down to around 1958, coming super close to my SL. However, you know what they say: "Plan the trade and trade the plan". If it hits it hits. I will let this run and see what plays out.
Trade closed: stop reached:
You win some, you lose some. If i wasn't so greedy with my TP order, i would have probably set it around the first support of where the spike went to. But i live and learn as i go.
