VETBTC has had an interesting price breakout from its bottom. We expect a follow on movement with a short term potential gain of 29% (targets 1 and 2). This scenario is invalid if the price drops back to pre-breakout levels so this gives us a natural place for our stoploss.
Buy: 130 - 133
Target 1: 156
Target 2: 172
Target 3: 191
Target 4: 217
Target 5: 245
Stoploss: 116
Buy: 130 - 133
Target 1: 156
Target 2: 172
Target 3: 191
Target 4: 217
Target 5: 245
Stoploss: 116
Note
VETBTC has had a nice rally from our entry point. We will secure our trade now by taking 20% of our profit (8.5% gain). Split remaining capital between targets 1 through 5. Move stoploss to entry.
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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.