POTENTIAL TRADE SET UP FOR ETHUSD (LATE UPDATE)
Updated
PLAN
1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.
2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss at entry. (Wait for a trade update)
-If it Breaks and continues moving down TP at 850-833 region.
3. Place long orders at the 789-742 region(One scalp order and a positional order )
-Scalping positions should take TP at 988-1000 region.
-Put the positional order's stop loss at entry and wait for the breakout above 1000 targeting the next green box
INFO
- 30-50 % correction during a bull run is normal and healthy for the market.
- Ethereum below $900 is cheap.
- Ethereum on road to $2000
Signing off,
THECRYPTONIZER
1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.
2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss at entry. (Wait for a trade update)
-If it Breaks and continues moving down TP at 850-833 region.
3. Place long orders at the 789-742 region(One scalp order and a positional order )
-Scalping positions should take TP at 988-1000 region.
-Put the positional order's stop loss at entry and wait for the breakout above 1000 targeting the next green box
INFO
- 30-50 % correction during a bull run is normal and healthy for the market.
- Ethereum below $900 is cheap.
- Ethereum on road to $2000
Signing off,
THECRYPTONIZER
Trade active
STEP 1 OF THE PLAN HAS BEEN ACHIEVED. CONGRATS TO THOSE WHO MADE 2400% OF PROFIT. STEP 2 IN PLAY NOW AND EVERYONE SHOULD HAVE ENTERED AT 1145-1180. LETS SEE IF WE CAN DIVE DOWN A BIT MORE.
Note
-ETH might test the 'GOLDEN POCKET"(FIb retracement).Trade active
THOSE WHO MISSED THE SECOND STEP CAN GET INTO A SHORT IF THE HOURLY CANDLE COULD NOT CLOSE ABOVE THE 0.786 FIB RETRACEMENT AND THE RESISTANCE ZONE AT 1135.WAIT FOR ANOTHER ONE HOUR OR SO TO GET A CONFIRMATION. LET'S SEE IF WE CAN MAKE ANOTHER 2200% PROFIT AT 833-850.
Trade active
Our step 2 is still in play as we got our first rejection. We are about to test 900 again if the hourly does not close above 1150 price region.
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.