Ethereum Descending Channel "SMC" BO
Updated
A trader may initiate a long position in ETH with a 15-minute time frame, as the price action is forming an descending channel pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of 1670$ and a protective stop loss set at the recent swing low of 1620$. The potential reward to risk ratio is 6.
Trade Setup
Pattern : Ascending Triangle Pattern
Time Frame : 15 Mins
Entry BOS Region : 1625$
Target : 1670$
Stop Loss : 1620 $
Risk Reward : 6
Trade Setup
Pattern : Ascending Triangle Pattern
Time Frame : 15 Mins
Entry BOS Region : 1625$
Target : 1670$
Stop Loss : 1620 $
Risk Reward : 6
Trade active
Trade closed: target reached
Target ReachedNote
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