Bullish Etehreum
3 Targets shown, with Stop Loss and Entry
Hope that helps.
Author: Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
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Hi Sean,
Can you help me understand this one a bit better or forward me to a resource?
You state: 3 Targets shown, with Stop Loss and Entry
Where is the entry? 360.90
What are the 3 targets? 406.85, 487.91, and 585.03? What does that mean. Sell at any of those based on your risk tolerance?
And what are the Stop Loss? 291.74?
I've signed up on your website to start trying to better understand what you're showing on your charts.
I've reviewed your past posts and you've made some solid calls. Now I'd like to get a better understanding so I can benefit from those calls as you put htem out.
Thanks!
Hi there sorry for the late reply.
Thank you for your kind comments and support.
Bottom of pink box defines the stop loss.
Top of pink boc defines the entry (you can get in anywhere in the pink box. The loweer the better (in a long trade, vice versa for a short trade)
The targets are just profit taking areas. There is no sinficance that there are 3 targets. Im am just giving you an option to ride this trade and take profits early.
I would need to revisit the chart to see the exact numbers but if you understand the above just draw horizontal lines and read off the prices.
Does this makes sense?
Yes Thanks for the follow up.
I'm following you on Facebook now and seeing your posts there.