EthereumLong
ETH Still in a Triangle - Bullish Bias - Higher Low - Watch BTC
Updated
As per chart - I longed at $228.00 so have wiggle room for a stop.
Price will follow BTC's trend - currently driven by Quarterlies once again.
Be sensible and wait it out if you don't want to risk being chopped out.
Anyone shorting in the $220-230 range on full margin will have issues if we break out north.
Expect the short squeeze to break a lot of overhead resistance if it unravels - this will destroy the $280 resistance zone - don't get trapped.
Stops in sensible places and act to the downside if it happens - theres always two sides to a trade - plan for both!
Price will follow BTC's trend - currently driven by Quarterlies once again.
Be sensible and wait it out if you don't want to risk being chopped out.
Anyone shorting in the $220-230 range on full margin will have issues if we break out north.
Expect the short squeeze to break a lot of overhead resistance if it unravels - this will destroy the $280 resistance zone - don't get trapped.
Stops in sensible places and act to the downside if it happens - theres always two sides to a trade - plan for both!
Trade active
Long at $228Trade closed: target reached
$248 - closed for nowNote
About to close under support - short on confirmed break blow trendlineNote
Happened real fast - short under trend line. Long (3x) at $191 closed at $215 - no need to be greedy
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.