Possibility to see an upward movement on ETH
Updated
ETHUSDT https://www.tradingview.com/x/9vfP5b1X/
We can see a strong bull candle and increased volume. Usually, an increase in buying volume indicates the willingness of whales to sell. However, in this specific situation the candle crossed the EMA indicating a long position, according to the strategy I follow. Important to keep in mind that bears are still strong.
Long position:
Entrance 1633
Stop Loss 1609
Take profit - to be determined (take profit can be determined once an upward trend is formed and broken)
leverage 23
Disclaimer
It is impossible to trade profitably by following someone’s signals mainly because of the differences in the time when position is opened by a trader and the time you see the idea. The information is presented to illustrate the work of the trading strategy and for informational purposes only.
Trade closed manually
closed at 1632. stop at break even as the situation is unclear. once there is a signal a new position will be opened.Trade active
A new candle crossed EMA confirming the previous scenario. Re entering at 1638, stop loss - 1623.Trade closed manually
closed at 1635
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