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12/15/2017 LONG XEL:BTC
XEL building up in volume with bullish trend upwards (supported by RSI). MACD crossover has happened and price is looking to jump the trend line.
In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order.
Buy-in: after 1hr candle closes above upper trend line (blue)
Stop-loss: 10-15% below purchase price (when price breaks resistance #1, adjust stop-loss to just below this level ~0.00002630
Hope this helps! If you would like me to look at any others or want an update, holla at me! Cheers!
In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order.
Buy-in: after 1hr candle closes above upper trend line (blue)
Stop-loss: 10-15% below purchase price (when price breaks resistance #1, adjust stop-loss to just below this level ~0.00002630
Hope this helps! If you would like me to look at any others or want an update, holla at me! Cheers!
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