LONG ETHEREUM =BREAKOUT from Downtrend. TP = $300. 4R Trade??
LONTERM Downtrendline Breakout with Bounce off new UPTREND Support.
ENTRY = $245.02
SL = $230.83
TP = $300
ENTRY = $245.02
SL = $230.83
TP = $300
Trade active:
ANOTHER BUY signal today @ $244.29 with the SAME SL of $230.83.
I normally use 0.5% RISK and then when I have a 2nd BUY signal I add an additional 0.25% RISK. So for those that are not sure what I mean if I have a $100K account and SL is $14.19 away (245.02-230.83 = 14.19) then $500 (0.5% of $100K) is $500/$14.19 = 35.24 ETH bought in first BUY.
RISK $250 on 2nd BUY is $244.29 - $230.83 = $13.46. $250/$13.46 = 18.57 ETH on second BUY
TOTAL = 53.81 ETH with avg purchase price = $244.76 with 0.75% RISK.
Still considered a 4R potential trade so I am can still be profitable EVEN IF this trade FAILS 75% of the time. HOWEVER, this is a >50% probability trade.
Trade what you see.
I normally use 0.5% RISK and then when I have a 2nd BUY signal I add an additional 0.25% RISK. So for those that are not sure what I mean if I have a $100K account and SL is $14.19 away (245.02-230.83 = 14.19) then $500 (0.5% of $100K) is $500/$14.19 = 35.24 ETH bought in first BUY.
RISK $250 on 2nd BUY is $244.29 - $230.83 = $13.46. $250/$13.46 = 18.57 ETH on second BUY
TOTAL = 53.81 ETH with avg purchase price = $244.76 with 0.75% RISK.
Still considered a 4R potential trade so I am can still be profitable EVEN IF this trade FAILS 75% of the time. HOWEVER, this is a >50% probability trade.
Trade what you see.
Trade closed: stop reached:
Stopped out this AM. Trade closed
