The bigger picture of xvgbtc (1D candles) looks good - MACD currently setting on the zero line and about to cross, there is a potential of up to 35% trade but I would go for a lower percentage (25%) and re-enter according to the dynamics of the chart.
Entry price; 4H and 1H chart shows a lower low, so from current market price till the lower low (4-8 hours from now)
Exit point; 25% above the entry price.
Time duration; It might take a few days but I would let it sit up till this weekend and then re-examine the position.
Disclaimer; The above expresses only my opinion, this is NOT an investment advice, if you are interested seek a professional one.
Comment
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The recent ongoing correction gave excellent opportunity to buy lower prices. I would suggest buying the lower prices and adjusting the percent profit taking accordingly using same 25%.
Trade closed manually
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XVGBTC broke its waves formation, now it's in the wild west, it can begin a new one or perhaps stay in the wild moving the same direction as BTCUSD, when it's up, XVGBTC will go up and vice versa.
I would close this trade manually, buying the current dip, adjusting the average buying price and sell above it.
So we can entry now and sell with 25% profit before new drop when we can reentry on the market?
Anonymous_Trader_0212
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@vales_mr, XVGBTC has many opportunities to deliver. You can buy the dip and adjust the average buying price aiming same profit taking percentage. Or let it develop while aiming other charts.