Looking for a pullback on VeChain

VeChain hit new highs and the daily chart looks excellent.

We're looking to pick up a retrace between 0.0172 - 0.0176, with a stop around 0.017.

Altcoins like to spike up and bleed back. This is a low risk trade.

Comment:

The retracement zone moved up to 0.0176 to 0.0179, and the entry point (0.0179) was hit. We're in the trade!

Stop is around 0.0174.

Comment:

Price is hanging around, but still above our entry. New stop is 0.0176.

Two choices:

1) Put a trailing stop on it and forget about it
2) Use a 20 period Donchian channel and cut the trade below the basis (middle line)

I'm partial to #2.

Trade closed: stop reached:

Either stop method would've take you around 0.0177-0.0178 for small loss.

Typical retracement. A low risk trade that could've gone somewhere, but didn't.