Today I share the strategy of consolidation with pump and dump entries, stop loss, and take profit. I use moving average of 12,26 crossover and consolidation work together.
Ethereum continues to maintain an uptrend structure.
Trading volumes resume growth.
I believe that ETH can continue its upward movement if the price can hold above the point of control.
Resistance Level 1: 1611
Resistance Level 2: 1619
if both resistance break next resistance is 1721
if fail to break level 1 and level 2 resistance then stop loss is 1500.
Risk to...
TRBUSDT - open short position in Binance exchange with 1:1.5 risk to reward ratio entry at 41.7 and stop loss at 42.7 and take profit at 40.4.
I don't anyone's financial condition, I'm a day trader open for 2-3 hours.
BINANCE:OGNUSDT
I suppose, since we see a downtrend, and breakdown in such situations, resistance plays a key role for stop-loss, and stop-loss is 0.36, the entry price is 0.312 - 0.32, targets are 0.3, 0.29,0.28 and goes to 0.2.
Patience is key to success in crypto. Manage your risk-to-reward ratio.
Sincerely, Ammad Shakoor!
