With last weeks candle closing printing a textbook Bullish Kangaroo Tail, it would seem there could be tremendous buying power entering the market now pushing price up. Also with the news out Binance transferring recovery funds to ETH and BTC, this fundamental factor will most likely confirm this thesis. Let me know your opinions. This is a nice trade setup with stop loss below wick of the tail, however not financial advice, nor have I taken this trade, I have been buying spot ETH this whole time :)
Note
Price is being supported nicely above 1660, further increasing the confidence of bulls. Great time to scale in.Note
Could take some partials here :)Note
The shorts are getting WREKT HARD 🔥🔥🔥🔥Trade closed: target reached
Took some profit at 1830 area, also have some shorts running, short term target around 1750-1710 before we could continue towards 2000. NFA :)
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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.