Let's try to make some more profit with XVG. Idea is simply to enter the trade at bottom of Fib channel, which is also 0.50 retracement of the whole rise. This was also resistance back in time. This maybe won't be the lowest as it can drop, so another entry at 0.618 of Fib retracement. In both cases initial stop loss will be set bellow previous lows and can be raised later, if it will bounce upwards OK.
For targets I'm aiming at crossing of 0.382 of Fib channel and pre-previous high and little bit bellow previous high.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
For targets I'm aiming at crossing of 0.382 of Fib channel and pre-previous high and little bit bellow previous high.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
Micro entry was missed for 3 satoshis. Oh well .... Trade remains the same - I count on Fib retracement to win over Fib channel.Note
Micro and Mini entries filled.Trade closed: stop reached
Stop reached after painful and slow bleeding.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.