Shorting Monero; Broke from Channel

23 thg 5, 2018

Shorting Monero,

Just broke out and tested the 135 day channel. We have a triple top near .033 now looking for take profits at .02100930, .02012294 and .01603397.

**This is my own educated opinion for my own portfolio. Please do your own research before trading yourself.**

23 thg 5, 2018

Ghi chú

A close up look at recent price action red line is my base price

24 thg 5, 2018

Ghi chú

HAHA well didn't take long, stop loss hit at the top of the channel, small position so no worries. I'll wait for a better set up

25 thg 5, 2018

Ghi chú

I'm going to reenter this position with a small position size so I am comfotable letting it play out. I probably set my stop a little too low on my first entry, or perhaps I just jumped the gun on the entry, I guess price action needed to test the channel one more time and fail again before it was ready to receed. Going back in with a small position and letting this one ride... Lending fees on Monero are relatively cheap so there shouldnt be a problem holding for a bit.

29 thg 5, 2018

Ghi chú

First Target hit. Doing some research I will probably size this up a bit.

5 thg 8, 2018

Ghi chú

Target Reached. Small position so a modest gain, but A great test overall.