ETHMYR Trade 23 Feb 2021 +114% Profit

REASONS FOR TRADE. 

ETHMYR was in uptrend as depicted by the rising 50-day MA and has pulled back to a role reversal resistance become support zone at the time the trade was made on 23 Feb 2021.

ETHMYR Daily Chart

ENTRY:

Bought ETHMYR on 23 Feb 2021 at 5,990 when it tested the 5450-5900 support zone.

EXIT:

Took partial profit on 02 May 2021 at 12,000.

Exit all my position on 04 May 2021 at an average price of 13,785.70 when sign of heavy selling began to appear after the long green candle. In addition it was the 3rd push up within the trend. Large volume appeared on the day that I closed my position with the day ending in a red candle.

TRADE SUMMARY:

The trade took more than two months to complete. It was a very good trade making about +114% profit.

Disclaimer:

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.