Price once again tested $0.60 and rejected, this is just more confirmation of the relevance of this level.
Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade.
I maintain the same targets and will slowly scale off as they are met.
I also have a short running on ETHUSD which lends itself to the overall bias of a dip. The next impulsive move will be swift so I might have to monitor and update more than usual.
Let’s see how it goes from here.
Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade.
I maintain the same targets and will slowly scale off as they are met.
I also have a short running on ETHUSD which lends itself to the overall bias of a dip. The next impulsive move will be swift so I might have to monitor and update more than usual.
Let’s see how it goes from here.
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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.