Lisk is Approaching Support - R/R Looks Good

Disclaimer: I am not trading this idea, but think Lisk is setting up for a fairly low risk trade. I am aware of the re-brand, but haven't looked too closely at other factors that could justify this long trade. I am also long BTC and another rally could mean that alts will continue downward.

Those of you that like/trade Lisk, feel free to contribute any fundamentals that either confirm or contradict this idea.

Komen:

To mitigate risk, I would limit position size to 3.5% of your account (0.5% risk).

Komen:

Lisk is currently in both a daily and weekly downtrend, and both are about to expire. We can split this idea into two trades (risking 0.25% per trade) and use wide stops to avoid being left behind in the event of a quick bounce/not reaching our downtrend target.

1. Buy at 0.00073601. Leave stop where it is. Position size 1.13%

2. Reduce the original buy order (at 0.00066903) to 1.75% of account

Komen:

Well I nailed the trade, but the stop was too tight. Lesson learned; would've been a good one.