MikhailC

ZEC/USD | Time to accumulate

Long
MikhailC Updated   
BITFINEX:ZECUSD   Zcash
This spot looks interesting for buying. Falling wedge should give us some action. Breaking from the wedge doesn't mean a move up but we should pay attention to it. Current price looks like a bottom and it is a good time to start accumulating.

I bought 25% of my Zcash trading accocation here at $180. I will add 25% more it falls to $160 and another 50% on $148. If price will continue falling below 140 my stop-loss will be triggered and I will wait for another trading opportuinty.

I will sell 50% of ZEC at 245. Other 50% – after new estimation of trend.

Please remember: my trading style is agressive and percentage of buys is high. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered

Comment:
First target reached
Seems like BTC is heading up to 8600, ZEC is following the move
Trade closed: target reached:
Second target reached. Trade closed. Winner winner chicken dinner!
Total profit: +34%

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