ETH / BTC long opportunity
Updated
Will be looking to enter a long position around this area. A bounce here is very likely and a tight stop loss reduces the risk of the trade.
Bullish signs:
- heavily oversold
- falling wedge
- currently on strong support
Bullish signs:
- heavily oversold
- falling wedge
- currently on strong support
Trade closed manually
market sentiment is not great for a long trade. ETH barely moved last few hours and is now starting to loose all the gains it managed to pull. buyers are week and i decided to close this trade.
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