We've just got a nice Long signal on Ethereum Classic's 30m chart.
Price is currently sat perfectly on an upward support trend line @ $6.66 with the next resistance at around $6.78. This could prove to be a nice little scalp here. If you're feeling confident get your Limit orders in now (keep them tight to the current price), and you could either have a Half Take Profit at $6.78 or (our preferred option), once this level is met, move your stop up to Break Even and let that trade run!
A breakout of the red resistance line could indicate a sharp move upward into the $6.82 - $7.00 trading range area, this is another place to either Take Profit or move your stops up again to lock in profits with this trade.
It's always better to cut your losses quickly and let your profits run! So do just that, if this trade moves against you, kill it. Otherwise, lock in profits with a fixed stop, moving it up with every new level broken.
Good Luck & Happy Trading
theCrypster
Price is currently sat perfectly on an upward support trend line @ $6.66 with the next resistance at around $6.78. This could prove to be a nice little scalp here. If you're feeling confident get your Limit orders in now (keep them tight to the current price), and you could either have a Half Take Profit at $6.78 or (our preferred option), once this level is met, move your stop up to Break Even and let that trade run!
A breakout of the red resistance line could indicate a sharp move upward into the $6.82 - $7.00 trading range area, this is another place to either Take Profit or move your stops up again to lock in profits with this trade.
It's always better to cut your losses quickly and let your profits run! So do just that, if this trade moves against you, kill it. Otherwise, lock in profits with a fixed stop, moving it up with every new level broken.
Good Luck & Happy Trading
theCrypster