EthereumLong
ETHUSD
As I mentioned in a previous post, when price moves it will be swift. My $620 initial target has been met an I took off 50% of the position.
As ugly as this sell off may be, it’s still a very good chance to buy back ETH at lower prices.
The sell off is coming at the very beginning of the week and will scare a lot of people off.
For me this is just an opportunity to buy the low of the week.
From the point on I’m on long watch, it is also an opportunity to hedge this trade both ways with the 50% that’s still on the table.
$620 is still a very important level for me, I will look for the long somewhere in this zone. Price is currently below this zone and I see it as an opportunity to buy the wick of the weekly candle. I might have to update very soon.
This is my personal journal and not any kind of financial advise. I use it to keep track of my trades and progress.
Let’s see how it plays out from here.
As ugly as this sell off may be, it’s still a very good chance to buy back ETH at lower prices.
The sell off is coming at the very beginning of the week and will scare a lot of people off.
For me this is just an opportunity to buy the low of the week.
From the point on I’m on long watch, it is also an opportunity to hedge this trade both ways with the 50% that’s still on the table.
$620 is still a very important level for me, I will look for the long somewhere in this zone. Price is currently below this zone and I see it as an opportunity to buy the wick of the weekly candle. I might have to update very soon.
This is my personal journal and not any kind of financial advise. I use it to keep track of my trades and progress.
Let’s see how it plays out from here.
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