I have been following ETC for a while and decided to open a new idea that follows my trade. I decided to enter a long position after seeing and following a descending wedge. This, coupled with the news of a hardfork made me feel comfortable with opening a long position. I opened at .013 with a stop loss of .0008. I felt that this was the margin of loss I was willing to work with.
Since the trade opened, ETC has hit TP 1 twice and has fallen below to near purchase price. Using capital management at the TP and since we are still above s/l price, I am keeping the trade active.
Since the trade opened, ETC has hit TP 1 twice and has fallen below to near purchase price. Using capital management at the TP and since we are still above s/l price, I am keeping the trade active.
Trade active:
Trade active:
I have adjusted the wedge with the new movement and we appear to be nearing a breakout.
Trade active:
getting closer...
Trade closed: target reached:
tp 1 reached.