5:1 trade opportunity on Etherium Classic

We have another rising wedge pattern setting up on Etherium Classic.

Reasons for sell trade:

• Rising wedge meetings rules
  
• Decrease in volume
  
• Break of the RSI trend line
  
• Bitcoin has similar rising wedge pattern forming
  

Projected stop loss and take profits targets are shown.

A move above 16.3 would invalidate this setup.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.

İşlem aktif:

Breakout to downside confirmed

İşlem aktif:

Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.

İşlem aktif:

I'm slowly adding limit orders to increase position size. Stops above red line to manage risk

Yorum:

İşlem aktif:

Hopefully some of you added to you position when i suggested!

Rising wedge patterns in a bear market and very good to trade!

İşlem aktif:

Look to take partial profits and adjust stops to reduce risk during a trade

İşlem kapandı: durdurma seviyesi:

Failed to reach profit target.

Still a great trade if you had good risk management and took partial profits as mentioned above.

Onto the next trade!