EthLend (LEND) - Trade Idea

4 ott 2019Even though I have reached the limit of alt exposure in my portfolio, I never stop looking for trade ideas. Routinely following price action of any and all cryptocurrencies available helps me sharpen my ability to read a price chart. Eventually, a lot of the information will be processed subconsciously when looking at a chart and better decisions and trades will be taken as a result.

EthLend, clear breakout from range and a pretty significant support that will protect our stop. Position must be sized down according to current volatility levels to respect our risk guidelines. Overall, pretty solid trade with multiple ways to manage it depending on your risk appetite.