ETH USDT : Buy Trade setup @ 3161
Updated
Hello guys, hope you are doing well.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
Trade closed: target reached
closed at 3236. Booked 76 Points.
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