ETH long
Updated
ETH long. Entry 1865 with a stop below the previous LL 1800. Take Profit 2134. Risk to Reward of 4.52
Trade active
Trade is playing out. Be patient. I would say that it might be a little risky to enter the trade at this point. That being said if you can find a pullback on the 1 min. during this flag that is forming than degen away. Just understand that it is risky. Use tight money management and you will have to baby sit until a couple local higher higher highs are made at a minimum on the 5 minute. Than move your stop to break even. Chances are you will get stopped out. But at least at that point you will not lose money and you might just have a winning trade. Also, Take Profit before 230. Or dont. Cheers and trade well!Comment
I do not know if this trade idea is still a good idea. Capitol might be better utilized in other trade setups. After all I gave this trade ample time to play out and we are currently almost back at support. I did take a small profit and then I moved my stop above the my entry and was stopped out. This trade will play out its just contingent on when BTC decides to get a solid pump to recent highs?Trade well
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.