AppCoins (APPC) - Breakout!

AppCoins (APPC) - Breakout!
AppCoins / Bitcoin HUOBI:APPCBTC
coinselor

As anticipated a couple days ago, we had a daily close and a new 65-day high. An intraday (6h) time frame showed a clear bounce of support. Entry was executed as per the chart indicator at 461. Even though I am showing two targets, I like to hold these trend-following trades for longer or until the evolving risk:reward doesn't make much sense. As you can see, since breakout trades usually have a smaller success rate, the risk-reward ratio is pretty high.

By keeping our risk fixed with a stop-loss yet letting our winning trades run its course, we increase the likelihood of a successful strategy in the long run.