ETH/USD - Don't Pass on This Long Scenario!
I'm glad to have you as a reader and watcher of my idea, and happy to see you're looking for successul trades in the cryptocurrency market in the right place.
After experiencing a very profitable week, with our long Bitcoin idea from under $9900 region and up to $11000 (until now), we decided to share a free trade for Ethereum too!
As you're used to with all my ideas, we're keeping it as simple as possible for your understanding.
Following this chart, you can see a similar chart pattern as we experienced with Bitcoin on the daily timeframe and we've seen a move from $3000 region and up to $13000 region. This however is happening on a smaller timeframe with Ethereum. On a long margin trade this can be profitable with a good risk/reward ratio.
Make sure you have your money management in place before entering this trade and consider the retracement level mentioned on the chart. We can meet the retracement level before breaking the trendline, and you can consider an entry from that level. However that might not happen and we can simple break the trendline and continue to the target.
We recommend staying within 5x leverage maximum and do not move your stop-loss much below the liquidity zone marked.
Enjoy trading and let me know your feedback if you're profitable! Would love to share with the BitOwned Instagram community. (Make sure to follow us if you like our ideas!)
- BitOwned
After experiencing a very profitable week, with our long Bitcoin idea from under $9900 region and up to $11000 (until now), we decided to share a free trade for Ethereum too!
As you're used to with all my ideas, we're keeping it as simple as possible for your understanding.
Following this chart, you can see a similar chart pattern as we experienced with Bitcoin on the daily timeframe and we've seen a move from $3000 region and up to $13000 region. This however is happening on a smaller timeframe with Ethereum. On a long margin trade this can be profitable with a good risk/reward ratio.
Make sure you have your money management in place before entering this trade and consider the retracement level mentioned on the chart. We can meet the retracement level before breaking the trendline, and you can consider an entry from that level. However that might not happen and we can simple break the trendline and continue to the target.
We recommend staying within 5x leverage maximum and do not move your stop-loss much below the liquidity zone marked.
Enjoy trading and let me know your feedback if you're profitable! Would love to share with the BitOwned Instagram community. (Make sure to follow us if you like our ideas!)
- BitOwned
Trade active
Retracement region finally met. You can either add more to your long position or hold your previous one now with stops below the liquidity region where many long and buy orders are, and should not let the price fall more.
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