COINBASE:ETCUSD   Ethereum Classic / U.S. Dollar
Position Filled. Discretionary trade

A second attempt at this trade will be made based on the weekly chart if Daily Stop triggers.

Risk = $0.24 per share

Full Position TP @5.8 option to switch to a trailing stop at this point if bullish moment remains strong

Reward potential 1.29 per share

R:R = 5.37 at Full TP

Lowest acceptable R:R at 5.23

Notes:

Unless there are significant bearish signals, taking profit below $5.11 is not recommended.

Daily and weekly on Coinbase looks different than charts for the other market places. Keep an eye on it and see which is more accurate.

Keep an eye on 5.38-5.7 for selling at resistance.

Planned time frame 2-6 weeks. Reevaluate if target not reached by then.


These are my own trades and journals. Provided for educational purposes only


Comment: Still holding this trade. With the breakouts on ETH and BTC I expected this to continue up. Targeting TP above 7.19

Comment: Sold

Comment: Watching the $6 range for possible reentry.
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