Trade Report: STEEM Buy (Complete: -2.02% loss) by leongkhan

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· @leongkhan · (edited)
$0.04
Trade Report: STEEM Buy (Complete: -2.02% loss)
#### Trade Type:
Long Speculative Day Trade

#### Opening Order: 
Buy STEEM at 0.00012 STEEM/BTC

#### Target Sale Price: 
0.000125 STEEM/BTC (Target Profit 4.16%)

#### Stop Limit:
Trigger: 0.000118 STEEM/BTC
Limit:  0.0001175 STEEM/BTC (Stop set at 2.08% loss)

#### Commentary:
Over the last 24 hours, STEEM has over extended its decline on the daily chart. The 4 hour chart shows a bullish correction. The 15 minute chart shows a correction from a recent high and the beginnings of a new bull run. This trade is an attempt to capture the short term bull move with minimal risk.

#### 15 Minute Chart
![20170218 15 Minute.JPG](https://steemitimages.com/DQmcJYDg27DKYEHM8q6oqVch8z6mFk8Tic5QJ7xsYAn991b/20170218%2015%20Minute.JPG)
#### 4 Hour Chart
![20170218 4 Hour.JPG](https://steemitimages.com/DQmc49Lq31h7FjwZ3QfsY1xSQnZYcsdbhW1jXiBSuWGTxGo/20170218%204%20Hour.JPG)

### Result:
-2.02% Loss due to bull run in 15 minute chart quickly falling
![20170218 Result.JPG](https://steemitimages.com/DQma3gsHEvYfqs51kgutJt2vyqVJpxC5TQ1rft7ciJeCJYK/20170218%20Result.JPG)
#### Disclosure:
The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.
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created2017-02-19 02:49:06
last_update2017-02-19 03:37:33
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