Ethereum Perpetual Futures
Long
Updated

ETH/USD bounce and break

507
Watching ETH at the moment for a bounce on the previous support level, going for an aggressive entry and expecting a bounce to break the down trend in a squeeze.

Expecting a descent bounce considering selling pressure residing and momentum on the CCI slowing down.

This trade offers a descent Risk to reward of almost 8:1 although if I get my entry Ill be paying close attention incase we do not sustain any buying momentum after the break.
For me this is a low risk trade of .5R
Trade active
This one has been a solid performer, taken partial profit and letting the rest run now since the bullish activity may cause a bit more fomo yet.

Stops are in profit so ill let it run
Trade active
This thing annihilated expectations and still running for now

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.