There are plenty of stops to be taken on eth under the latest trend line.
With BTC not at the top of the range yet, this trade needs to have its risk managed carefully.
If we get a break to the bearish side I will halve my stop loss to reduce the risk and will set this trade to bullet proof.
I have seen eth in similar situations in the past 6 months where it was at the top of its range while BTC was coming up from half way up its range, and in those times ETH managed to stay at the top of its structure without breaking.
With BTC not at the top of the range yet, this trade needs to have its risk managed carefully.
If we get a break to the bearish side I will halve my stop loss to reduce the risk and will set this trade to bullet proof.
I have seen eth in similar situations in the past 6 months where it was at the top of its range while BTC was coming up from half way up its range, and in those times ETH managed to stay at the top of its structure without breaking.
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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.