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DOUBLE HAWK ADJUSTMENT: ETHE

Two days ago, I recommended an adjustment on our trade in Grayscale Ethereum Trust (OTCMKTS: ETHE).

The fundamental story for this trade is still the same.

But we have to adapt to the market.

Honestly, I thought we could sneak into the $27 mark, just below the 50-day moving average.

But the pullback seems to be done and I don’t want to miss out on dollars just to save a few pennies.

There were a lot of nerves from the Fed meeting, the House passing its crypto transaction bill, not to mention Evergrande imploding…

Naturally, investors began selling off.

ETHE could’ve dropped down even lower but it looks like $28 is the next support level.

Meanwhile, a breakthrough to $30 seems to be confirmed at this point.

ACTION TO TAKE

Buy ETHE for a limit of $30. Enter a 5% trailing stop when the stock hits $34.
All these adjustments are really driving home the fact that right now – you must stay on top of your portfolio.

I can’t stress enough how important it is to have someone in your corner who can tell you when to adapt to market forces.

Through Night Trader, I have an entire communications infrastructure specifically designed to make sure you get my most urgent trade updates as soon as possible.

Please call the new number,1877-839-7058 (international call, 1-443-353-4519), for personal assistance.

Until next time,


Chris Johnson


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