ETH [SHORT TERM TRADE]
ETH has given a long rally since a week, now it's time for a pullback and then again a rally.
So at daily timeframe it is showing support at 200 EMA and golden zone is at 1449.
- If price closed below 1500 at 1 hour time fame then take a short entry till 1500.
- If price closed above the 1553 at one hour time frame then take a long entry till, easily you can take it till 1580 and second target is 1619.
Note - You can still go long from 1500 and go on till same levels. Manage you risk and follow 1:2 Risk reward ratio.
So at daily timeframe it is showing support at 200 EMA and golden zone is at 1449.
- If price closed below 1500 at 1 hour time fame then take a short entry till 1500.
- If price closed above the 1553 at one hour time frame then take a long entry till, easily you can take it till 1580 and second target is 1619.
Note - You can still go long from 1500 and go on till same levels. Manage you risk and follow 1:2 Risk reward ratio.
Trade closed: target reached
Target achieved for short sideTrade closed: target reached
What a trade guys. Achieved target of both sides
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.
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.