EthereumUpdated Small Long Scalp
Considering a slight retracement upwards if EMA gets broken again.
Risk to reward doesn't sit nicely for this one but would only be a small scalp trade where I'd keep the loss tight and let it run if green candles are strong and backed by volume.
Risk to reward doesn't sit nicely for this one but would only be a small scalp trade where I'd keep the loss tight and let it run if green candles are strong and backed by volume.
Note
RSI showing it as oversold with MACD looking set to show a bullish trend. Whether this is a slight retracement or breakout in pattern will be determined by next few candles. Using only the 15minute graph for this position.
Note
Roughly just put the long position TP and SL just to show my idea. In reality, it should be in the next candle slot. I would just be utilising the 5min chart to view it and make a judgement call on TP based on that IF limit order is initiated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.