THIS TRADE IS RISKY, TRADE WITH CAUTION. EMC2 seems to skyrocket every couple of months. Since the last price surge, it formed a downtrend channel that consolidated until 12 March. Once a breakout happened, a price increase of 112% was seen. The breakout was stopped by the bigger downtrend channel. Currently, we are at the end of the triangle and the price seems to found its bottom. The candles seems to be more steady and respecting its support. If a breakout were to happen, now is good time for it to be specially with the volume increase. Its up to you if you want to wait for breakout or get in early, its all about your risk management.
I would recommend selling 30% at target 1, 40% at target 2, 20% at target 3 and 10% at target 4. You can rebuy after selling at target 1 and 2 ONLY to have a better position. Buying positions will be updated when targets are reached.
Good luck trading :)
***This information is not a financial advice. I am still learning and practicing.***
I would recommend selling 30% at target 1, 40% at target 2, 20% at target 3 and 10% at target 4. You can rebuy after selling at target 1 and 2 ONLY to have a better position. Buying positions will be updated when targets are reached.
Good luck trading :)
***This information is not a financial advice. I am still learning and practicing.***
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Target 1 almost reached. 1.5% short.