Very interesting trade. Curious to see how it plays out. Daily and 2 hour chart shown.
Entry targets and stop levels shown on chart.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
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Went ahead and took profits on this trade. I just dont see this coin getting to these prices with the hype off mode BTC is in. Nothing wrong with taking profits, selling XMR high and buying back ETH low. Thats the name of the game. Cheers!
This is an interesting one, I agree. The over-bought Stochastics may be problematic,and old support could act like new resistance in this area from late December '17, but if/when that breaks, could be a monster. I think you'll see 0.5 before you hit your stop, but I sure would prefer a .37 entry. Then again, sometimes coins just run and run and waiting for a better entry can be futile. GL!
UnknownUnicorn981629
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@Red_Ben, I appreciate your insight. Yeah definitely should have waited for a pullback. Sucked me in at almost the top. I shoulda waited for the daily bar to close but ahh all impatient and stuff. Now my risk parameters are way off. Out of my hands at this point. I'm letting it ride.