ETHEUR: Position trade idea

KRAKEN:ETHEUR   Ethereum / Euro
We can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy.

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Ivan Labrie

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Comment: Moving stops up is safe now, we can close partially and add back on dips.
Hi Ivan,
It's looking good at the moment with the help of the ongoing DEVCON, we're closing in on the upside Key level.
May I ask your thoughts on closing maybe half or all this trade...?
+1 Reply
I moved stops up mainly, we can book partial profits and add on dips, pretending we're 'resuming' this half closed position. Try to reenter at a lower price than your exit when doing it. You can do it countless times, without forfeiting the long term trade.
+1 Reply
Thanks for sharing. Seems like an interesting read. My trade is purely technical though. Let's see how it goes.
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