Trade Updates
Traders,
Because Ethereum remained strong yesterday and closed above the 100 day ma along with that purple trendline which dates back to Feb. 2021, I am not actually as certain now that it will drop back down to the 50 day ma as I had anticipated it might when I entered this trade. Therefore, I am adjusting my TP level to the 100 day ma which, if reached, will still capture a small profit. I will then exit this trade.
For now I will keep Bitcoins price target the same, the 50 day ma at around 19,600.
And for the INJ short, if you set your SL at 2.17 like I did, you probably got stopped out. But because INJ did not actually capture the 200 day ma which is still acting as resistance, I wanted to re-enter this trade. And so I have. Since my entry price and amount was essentially the same as when I entered this trade yesterday, I have not updated anything on the spreadsheet except for the SL. My new SL on this trade will be 2.19 instead of 2.17. If I get kicked out of the trade again, I’ll quit on this one. Until then, best to you all!
Stew