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ETH/USD LONG, Potential 18.5% Upside (Swing Trade)

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$BITMEX:ETHUSD is currently sitting just on top of the range high and has yet to close below on the 12-Hour timeframe. I expect a bit more downside before another move up.

Looking to long the area from $222-$229 with a fairly tight stop around $220 where this trade setup would be invalidated.

Take-Profit target is at a former support level, where we could see it flip to resistance.

If I am not presented with an opportunity to enter a Long position, I will be looking to potentially short the former support level and will post that setup later on.
Not
Cutting this position for a small loss, Bitcoin has broken through a key support level and the possibility for more downside is quite high.
İşlem elle kapatılmış

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.