Trading idea for BCH/USD LONG - Current price 477 USD

I am looking for a trend continuation trade on this pair. The 3 hour timeframe graphics show a price that is over the kumo cloud. The cross between Tenkan (blue line) and Kijun (red line) will validate the uptrend if it gets over 477 USD, approximately.

Buy: When Tenkan cross up Kijun (aprox. 477)
Stop-Loss: 407
Take-Profit: 559 / 590


Good luck!

Dagangan aktif:

Well, this trading is active and now we are going to the first target.

For maximum risk management on this trade, we also could have moved our stop-loss up with price once price was a conservative distance away from our entry.

Good Luck!

Dagangan ditutup: sasaran tercapai:

Our target was reached!
17.8% profit.

Congratulations!

Dagangan ditutup secara manual:

If you waited until the price level of $590 was reached, then you made 23.69% profit.

Congratulations, because winning in a market where the influence of bitcoin exerts strong pressure on alternative currencies is really difficult.