ETCUSDT looks healthy. Let's do pyramid profiting
What is pyramid profiting ?
When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our position size with each wave of that trend.
I see a chance to pyramid profit on ETCUSDT on 1H chart.
If you see, ETC has shown good upward movement recently and achieved an ATH at $179, after which it declined a bit and seems to make another run upwards.
Opportunities like these, are good for pyramid profiting, when there is a chance of a strong continued trend.
Money Flow Index looks to move up, and if good volume emerges it could see another leg up breaking psychological level of $200 and beyond.
Traders can open a long position, or buy with some percentage of their portfolios, and add to their positions when it reaches defined targets. SL can be used accordingly. Always do your own research.
For more ideas like these follow us. Visit Tuned to create strategies with pyramid profiting.
Happy Trading
When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our position size with each wave of that trend.
I see a chance to pyramid profit on ETCUSDT on 1H chart.
If you see, ETC has shown good upward movement recently and achieved an ATH at $179, after which it declined a bit and seems to make another run upwards.
Opportunities like these, are good for pyramid profiting, when there is a chance of a strong continued trend.
Money Flow Index looks to move up, and if good volume emerges it could see another leg up breaking psychological level of $200 and beyond.
Traders can open a long position, or buy with some percentage of their portfolios, and add to their positions when it reaches defined targets. SL can be used accordingly. Always do your own research.
For more ideas like these follow us. Visit Tuned to create strategies with pyramid profiting.
Happy Trading
Trade closed: stop reached:
SL Hit.