here is, we bough ETC at 2600 and 2390 without targets to HOLD for mid-long term
The run comes and ETC hit 66% profit from our average buy price, what its next?
Looking to and MA 100 we still fine, if u are looking for a stop loss I recommend to put under MA 100 and 0.618 fib
this is a important level now we already retraced and bounced hard from 0.618 fib and if we stop in this area we still in profits (20%), now its moving again for uptrend line.
1- BEST scenario! still between and breakup coming again to 4140 (66% profit) first target to sell!
second target its 4855 (95% profit)
2- breakdown but rebounce from 0.618 fib and back to following idea 1
3- Worst scenario! breakdown and breakdown MA100 and 0.618 fib going back to last low (stop loss will hit with 20% profit)
If u are looking to buy ETC now, I think its better wait to see next move, if bounce from or 0.618 fib this levels can be a good buy to short term trade, but if breakdown forget about it until touch last bottom