ETH Trend Continuation Breakout Trade
Updated
ETH is in a strong uptrend. Buying a breakout above the previous high for a trend continuation trade. Trail stops as new pivot lows form.
Note: BTC is reaching all time highs so could dump badly affecting this trade, monitor this closely and be prepared to close the trade, or keep stops moving up when we are in profit.
Note: BTC is reaching all time highs so could dump badly affecting this trade, monitor this closely and be prepared to close the trade, or keep stops moving up when we are in profit.
Trade active
Breakout confirmed with volume. Long position entered.Trade closed: stop reached
As noted above BTC reached all time high and dumped, we moved our stop loss into profit before the ATH as a precaution. Trade hit trailing stop loss for a small profit.
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