Ethereum - Buy
After a prolonged observation period, we have identified a bullish trend in the Ethereum market. In light of this development, we are initiating a buy position, targeting the upper boundary of the current market structure.
To manage our risk effectively, we will set our trade to breakeven once the price reaches the -50 Fibonacci retracement level. This strategy will allow us to safeguard our capital while remaining positioned to benefit from further upward momentum.
We will continue to monitor market conditions closely and provide updates should the bullish trend shift to bearish. Currently, all indicators suggest a continued bullish outlook for Ethereum.
To manage our risk effectively, we will set our trade to breakeven once the price reaches the -50 Fibonacci retracement level. This strategy will allow us to safeguard our capital while remaining positioned to benefit from further upward momentum.
We will continue to monitor market conditions closely and provide updates should the bullish trend shift to bearish. Currently, all indicators suggest a continued bullish outlook for Ethereum.
Trade active
After days of selling, our position has finally turned in to profit. Currently, all indicators suggest a continued bullish outlook for Ethereum.Trade closed: target reached
We have decided to take early profits in this trade due to potential long-term consolidation. Trade closed. However, initial target still remains as main target and price will eventually reach there at some point.
Trade closed / RR: 1 - 1.80
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