vongovar

ETH BUY!!!! Great buying opportunity!

BYBIT:ETHUSDT   ETHUSDT Perpetual Contract
HEAD AND SHOULDER FORMATION
Stoploss below neckline
eth

MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Comment: Just when cryptocurrencies are about to go up, a news from China appears: CHINA PROVINCE PLANS TO RAISE PENALTIES FOR CRYPTO MINING $BTC.

This is not a coincidence. Be careful! raise your stoplosses.

Comments

no neckline retest?
+1 Reply
vongovar claytonvtec12
@claytonvtec12, The literature indicates that 50% of these formations perform a retest.
If you are a conservative trader you should wait for the retest.
For my part, I have bought only a part of my position at the break of the neck line, if it confirms retest I will buy more.
Reply
vongovar claytonvtec12
@claytonvtec12, But, when I operate, if I don't get into the neckline break it is always better to wait for the retest in the neckline. Since the risk is much lower
Reply
Is stoploss around 2500?
Reply
vongovar iman30v
@iman30v, Yes, my stoploss is 2500!
+1 Reply
vongovar iman30v
@iman30v, We must be cautious as it may be a bear trap, another option is to wait for the neckline to test again and then buy.
+1 Reply
vongovar iman30v
@iman30v, https://www.tradingview.com/chart/WnR6ZSXx/ . If your strategy is conservative, you should wait for the neckline clash.
+1 Reply