ETHUSD a Swing Trade; 1:3 Risk/Reward
Updated
On smaller timeframe H1 Ethereum is trading inside following a parallel channel,
We can see two support and resistance forming a range of 120 to 138$
Recently the price of Ethereum touched the support zone of 120$ and the local uptrend support line also; this makes it a strong support area and bounced from there and we can also see a good bullish convergence on MACD;
I missed the opportunity to enter at 120-121$, Now waiting for a retest to enter a long position.
Entry Price : 121-122.50
Stop Loss : 117$ (4%)
Profit Target : T1 > 130$ & T2 > 137$ (5%<13%)
Risk/Reward Ratio : 1:3
👍
We can see two support and resistance forming a range of 120 to 138$
Recently the price of Ethereum touched the support zone of 120$ and the local uptrend support line also; this makes it a strong support area and bounced from there and we can also see a good bullish convergence on MACD;
I missed the opportunity to enter at 120-121$, Now waiting for a retest to enter a long position.
Entry Price : 121-122.50
Stop Loss : 117$ (4%)
Profit Target : T1 > 130$ & T2 > 137$ (5%<13%)
Risk/Reward Ratio : 1:3
👍
Note
Let's Wait and see the price;Note
Perfect took entry at 121$Trade active
Note
Also Check BNBUSDT 1:4 RRR
Note
Keep Trailing Stop Loss and Book Profit, don't let your losses run.Note
Hello, Guys! I Hope you all enjoyed the Analysis and trade Idea and also the profit.Trade closed: target reached
Note
Trade Closed with given target , 12% profit.BNBUSDT also gave 12% profit
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