Ethereum: 620$ Key Support and How to Trade
My trading plan for ETHUSD market looks like this:
- the price moves back to 620$ support
- the market gives a reversal signal
- RSI and MACD histogram confirmed the price reversal
- Stop below the support and the local swing low
- Profit target is 700$ resistance
- Risk per trade up to 5%
If the price breaks 620$ Support, I will wait for a new bullish setup at SMA200.
And what is your trading plan for Ethereum? Share in comments, please.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
- the price moves back to 620$ support
- the market gives a reversal signal
- RSI and MACD histogram confirmed the price reversal
- Stop below the support and the local swing low
- Profit target is 700$ resistance
- Risk per trade up to 5%
If the price breaks 620$ Support, I will wait for a new bullish setup at SMA200.
And what is your trading plan for Ethereum? Share in comments, please.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.