A long trade idea I have in progress now. Bullish divergence on hourly & 4-hr RSI. Double bottom seen on hourly candlestick chart.
Long at 0.0803, stop 0.077. Target 0.086+
Long at 0.0803, stop 0.077. Target 0.086+
Comment:
ETHBTC has broken out, so stops moved to break-even (0.0803)
Comment:
Expecting some consolidation between 0.085 & 0.088. It might move higher into the 0.09s hence holding long with the stop at break-even.
If I get stopped out and it moves lower, it wasn't the trade I was looking for. If it moves into the 0.09s' the next target will be 0.095, at which point I'll be looking to take profit.
If I get stopped out and it moves lower, it wasn't the trade I was looking for. If it moves into the 0.09s' the next target will be 0.095, at which point I'll be looking to take profit.
