ICONLong
ICX - 1 month later analysis
An update of my trading plan
One month after the first analysis, let’s have an update of the trading opportunity we had.
First of all, we also had a weekly higher high; normally the long term downtrend is finished; really good news for investors and bag holders.
The price took the right direction; the technical analysis was not so bad but it wasn’t the toughest part of the job :)
We reach the targeted area (orange circle on the chart) but I have lacked of ambition, the 0.33$ target was too low; the perfect trader would have sell only a small part of his coins at that level and let his gains run higher. I sold 60% at that level and 40% before 0.4$. I could have done much better; but I’m happy to not loss any money.
Now, just a few word on the current situation. The momentum is really impressive and definitely not the time to enter. I will wait for a price correction and maybe make another analysis for the next level. if you are still in (swing trader); you are steel-nerved but don't forget to take your profit (at least a part of). You already made an excellent trade. Will you wait for the weekly EMA100 before correction?
I'd be curious to hear your ideas
One month after the first analysis, let’s have an update of the trading opportunity we had.
First of all, we also had a weekly higher high; normally the long term downtrend is finished; really good news for investors and bag holders.
The price took the right direction; the technical analysis was not so bad but it wasn’t the toughest part of the job :)
We reach the targeted area (orange circle on the chart) but I have lacked of ambition, the 0.33$ target was too low; the perfect trader would have sell only a small part of his coins at that level and let his gains run higher. I sold 60% at that level and 40% before 0.4$. I could have done much better; but I’m happy to not loss any money.
Now, just a few word on the current situation. The momentum is really impressive and definitely not the time to enter. I will wait for a price correction and maybe make another analysis for the next level. if you are still in (swing trader); you are steel-nerved but don't forget to take your profit (at least a part of). You already made an excellent trade. Will you wait for the weekly EMA100 before correction?
I'd be curious to hear your ideas
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.