ETH - breakdown of the local countertrend
Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
ETH continues to consolidate in the same range, creating small impulses towards the local countertrend line.
You can try to gain a position from the current values on the breakdown of the countertrend line by placing a grid of orders, 5% of the deposit.
Deal plan:
Entrance - 1820/1790/1770$
Stop - $1725
Take profit - $1900-1930 (0.5 level test)
I think there will probably be a small rollback before the trend line is broken, so it’s better not to risk much and take a position with an addition lower, you can arrange the grid in your own way to stronger levels from where the price can get a rebound.
ETH continues to consolidate in the same range, creating small impulses towards the local countertrend line.
You can try to gain a position from the current values on the breakdown of the countertrend line by placing a grid of orders, 5% of the deposit.
Deal plan:
Entrance - 1820/1790/1770$
Stop - $1725
Take profit - $1900-1930 (0.5 level test)
I think there will probably be a small rollback before the trend line is broken, so it’s better not to risk much and take a position with an addition lower, you can arrange the grid in your own way to stronger levels from where the price can get a rebound.
Related publications
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.