Ethereum Classic: Buying Opportunities from the Main Trend Line
What do you think about Ethereum Classic? From my point of view, it is not so interesting as Ethereum, but for swing trading, it can be used as a part of the trading portfolio.
The price reached the resistance zone formed by 7.50USD and 8.00USD levels. It is possible to use a breakout above this resistance zone, but I think a pullback with the further reversal from the main uptrend line, it will be a better trade.
Stop orders for long trades should be placed below the main uptrend line. The profit targets can be 10.00USD and 13.00USD resistance levels. Risk per trade should be no more than 2-3% from the trading capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price reached the resistance zone formed by 7.50USD and 8.00USD levels. It is possible to use a breakout above this resistance zone, but I think a pullback with the further reversal from the main uptrend line, it will be a better trade.
Stop orders for long trades should be placed below the main uptrend line. The profit targets can be 10.00USD and 13.00USD resistance levels. Risk per trade should be no more than 2-3% from the trading capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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