You can Now Trade Signals that have Hit Targets 1 or 2

We’ve done ‘Quality of Life’ improvements on some of the Trading Features we have, and one of those is being able to trade signals at different stages of its life cycle. 

You can now trade signals that have gone on to hit targets 1 and 2 only. 

This feature essentially gives you the ability to ‘re-buy’ into a signal when the signal returns to their entry zones.

Some scenarios where this is most convenient: 

1. You see a signal whose coin is in a heavy uptrend and looks really good to trade, but you’ve missed the entry zone and now the signal has hit T2. After doing Technical analysis you’ve identified where there are areas of strong support which you expect the price to drop and rebound. 

You want to enter once the price hits these areas but the signal has already been marked with T1 or T2 being hit. This feature gives you the convenience to enter into signals straight from the dashboard. 

1. You buy a coin with Breakeven Stop-Loss activated and it hits Target 1. Due to Crypto’s volatile nature the price goes back down to your entry zone and you get kicked out of the trade. 

However all analysis indicates that the trade is in a heavy uptrend and you really want to buy back in. This feature gives you the convenience to buy back in after being kicked out by the Breakeven Stop-loss. 

Pros: 

• More Freedom to trade the signals in the dashboard. 

• Allow you to buy back into a trade after you’ve been kicked out by Breakeven Stop-loss.

• If your own analysis tells you that the signals which have already hit their targets 1 or 2 still look juicy and offer good potential returns, then you can jump into these trades straight from the dashboard. 

Cons:

• You might be tempted to buy a coin once the price is trading at T1 or T2. Do this only if you’ve identified a good entry zone by doing your own technical analysis. 

• Generally speaking, our trade signals work best if they are copy-traded when they are still “within entry zone” or before they’ve reached their targets 1 or 2.

• By trading them midway through their life cycle, you run the risk of losing more when they go hit their stop-loss (of course, in relation to your entry zone).