eth broke out of the downward trendline and backtested it successfully, however, I wouldn't long here cause we are under resistance. the ideal scenario for me would be a pullback to VAL of the range and 0.5 fib retracement. 4h MS is nu shifted from bearish to bullish so I would DCA from 1130 to 1170 if we get a pullback with a stop below 1115. if we just pump from here then I would look for a short higher around 1300 ish.
Trade active
got filled overnight for 1/3 of my positionNote
took some profit at 1220 stop at BE and let it runTrade closed manually
closed out fully at 1270
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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.