ETH Long daytrade
Updated
ETH currently in a long impulse to let Big Hedgers close their Long positions BE.
My Idea is to buy the Breakout of ETH above 1917,5 and hold until price reaches 1956 lvl.
Price action shows us that Hedgers are not actually buying here, they accumulate short positions - so be prepared for a big dump once we reach that 1956 lvl bc they might close their long positions there and price could dump back to 1850 or below.
Price could reject at 1933 zone, so be prepared to pay yourself and manage the trade.
My Idea is to buy the Breakout of ETH above 1917,5 and hold until price reaches 1956 lvl.
Price action shows us that Hedgers are not actually buying here, they accumulate short positions - so be prepared for a big dump once we reach that 1956 lvl bc they might close their long positions there and price could dump back to 1850 or below.
Price could reject at 1933 zone, so be prepared to pay yourself and manage the trade.
Order cancelled
Trade idea cancelled
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