This spot looks interesting for buying. Falling wedge should give us some action. Breaking from the wedge doesn't mean a move up but we should pay attention to it. Current price looks like a bottom and it is a good time to start accumulating.
I bought 25% of my Zcash trading accocation here at $180. I will add 25% more it falls to $160 and another 50% on $148. If price will continue falling below 140 my stop-loss will be triggered and I will wait for another trading opportuinty.
I will sell 50% of ZEC at 245. Other 50% – after new estimation of trend.
Please remember: my trading style is agressive and percentage of buys is high. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered
Note
First target reached Seems like BTC is heading up to 8600, ZEC is following the move
Trade closed: target reached
Second target reached. Trade closed. Winner winner chicken dinner! Total profit: +34%
Smash that like button if you enjoyed this ride too
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.