I know, I know. I just bought this coin yesterday. So, why am I selling it now? Well tbh, I like the coin a lot! But, as soon as I bought yesterday, we were in the process of breaking up and out of the down-trending parallel channel (see chart below). And after we broke out and up, we rose quickly and have now hit our heads on some major resistance (red level indicated in chart). Therefore, I want to take my profits on another 11% gain here and look for another good setup. You see how I do this? As always, I will let you know soon as soon as I find it.
Now here is the information on the trade I just made:
Keep reading with a 7-day free trial
Subscribe to Stewdamus' Chart Analysis & Trade Alerts to keep reading this post and get 7 days of free access to the full post archives.