Even though the crypto market is in a downtrend, LUNC seems to defy the market with its recent bullish momentum.
The head and shoulders and the downtrend of the past days seems to be breaking on the hourly timeframe with higher than recent average volume. It still needs confirmation on a daily basis (which may be too late but it is better to miss a trade than chase one).
I am presenting you 4 trade possibilities that I am going to take. All of them are bullish (as long as the short term upward channel remains intact).
I am risking 0.25% of my total trading capital on each, making my open risk a total of 1% in case all of them are fulfilled. If I lose all then I do not lose more than 1%. As you can see, all of them are at least of 2.0 risk-to-reward ratio. Protecting your capital is even more important than winning all your trades.
If you do not understand how to size your positions, please do not follow my trades! Find a tutorial on YouTube or here on TV about position sizing and money management!
As the entire crypto market is in a general downtrend, these 4 positions have higher-than-normal risk!
The head and shoulders and the downtrend of the past days seems to be breaking on the hourly timeframe with higher than recent average volume. It still needs confirmation on a daily basis (which may be too late but it is better to miss a trade than chase one).
I am presenting you 4 trade possibilities that I am going to take. All of them are bullish (as long as the short term upward channel remains intact).
I am risking 0.25% of my total trading capital on each, making my open risk a total of 1% in case all of them are fulfilled. If I lose all then I do not lose more than 1%. As you can see, all of them are at least of 2.0 risk-to-reward ratio. Protecting your capital is even more important than winning all your trades.
If you do not understand how to size your positions, please do not follow my trades! Find a tutorial on YouTube or here on TV about position sizing and money management!
As the entire crypto market is in a general downtrend, these 4 positions have higher-than-normal risk!