This trade is very different from how I expected the week to develop.
#Bitcoin attempted a downside break overnight but failed and reversed.
#Ethereum, on the other hand, broke the weekly trend last week and managed to close the week above it.
Because of that, I’m entering a long position on Ethereum using a limit order, details below and execution in the next message.
Entry: 3120–3133
Stop: 2888
Target: 3585
Risk on this trade is 0.5% of my portfolio.
Not financial advice.
For anyone struggling with position sizing:
0.5% risk equals 1/16 of your portfolio size after leverage.
Example: with a