Long
BCHUSD - Long
Descending wedge is visible up to the 4hr. candles. RSI divergence. Stops placed just below the bottom line. Target price is between 1600-1630.
Trade closed: target reached
I decided to only take profit on 10% of my position at 1607 because I felt there was a good chance that BCH breaks out of its descending wedge since BTC and ETH were all very close to their resistance points as well. I was wrong, and I closed the rest of my position at 1575 (just above break even).
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