breakoutfakeout

Buying Ethereum at 1795

Long
COINBASE:ETHUSD   Ethereum
Nice fakeout here on ETH of the rising flag reversal pattern. Expect it to take out the highs of pattern and on to 2200 and above. Eth still hasn't taken out its prior weekly high unlike BTC so this is an easy money trade provided the stop isn't hit.
Comment:
Higher swing lows of a breakout confirm fakeouts. Stop at low of breakout
Trade closed manually:
Taken profits early, waiting for new signal
Trade active:
Back in for 2nd leg up

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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