[FOLLOW_UP] GRT buy opportunity
Updated
This is a follow up of my previous idea which I keep updating and it's going as planned.
Entry and exit: I'm modifying the TP's a bit and setting the entry point to current price for those who haven't entered yet as I did. Selling half of your position at TP 2 and the other half at TP 3 would yield a RR of 1.5 if we consider $2.36 as TP 2 (more safe) or 1.7 if we choose $2.58 as TP 2. With this approach you can almost secure the breakeven if the trade goes bad. If we move up the stop loss to $1.53 we can get a better RR but we would be at risk of ending a trade that could still go right. Thanks for the love in my other idea guys, I'm waiting for your comments.
GRTUSDT
Entry and exit: I'm modifying the TP's a bit and setting the entry point to current price for those who haven't entered yet as I did. Selling half of your position at TP 2 and the other half at TP 3 would yield a RR of 1.5 if we consider $2.36 as TP 2 (more safe) or 1.7 if we choose $2.58 as TP 2. With this approach you can almost secure the breakeven if the trade goes bad. If we move up the stop loss to $1.53 we can get a better RR but we would be at risk of ending a trade that could still go right. Thanks for the love in my other idea guys, I'm waiting for your comments.
GRTUSDTNote
EDIT: Don't know why but the chart displayed doesn't match exactly my chart so here goes a capture tradingview.com/x/zNJWbzGz/
Disclaimer: This is not financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice and invest at your own risk.
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Take advantage of the sales and buy more or hodl, trade still fineNote
Same plan for now guys, I'll keep you updatedNote
tradingview.com/x/SKhmWISn/Well, we have an uptrend channel combined with a symmetric triangle so prepare for volatility, hopefully to the upside since we broke the previous descending wedge, have good volume and retested the resistance successfully twice. Hold your position or wait for a breakout and retest at $2.03 resistance for a safer entry. I'm going to hold my position. Good luck guys.
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"The Graph's hosted service now supports the layer 1 blockchain Celo.The Celo Foundation has also committed 150K in grants to subgraph builders!" Good news through the official Discord server of GRT.Note
GRT hopefully back on track in the following days, stay tunedNote
If we close above $1.9 in the April 15th candle we have confirmation of breakout of the symmetric triangle, we'll have a retest above the 50 day EMA and breakout of a descending channel that was getting built. Stop Loss @$1.4980; Entry as soon as possible or wait for more resistance breakouts if you want to be safer.Trade closed: stop reached
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