ETHUSD Bouncing back Up?

1D Techinical Analysis shows almost 9 days in a row on the green side. Normally after that it came a retracement period (seems it was yesterday). Maybe not enough retracement after 9 days going up (we will see)?
Our trade intends to catch the bounce back up to continue the lately Uptrend after yesterday retracement. Our Entry point would be 535 with a very Tight stop loss (Before traders we must be risk managers :))
If we don't reach our entry point, then no trade.

Trade management and execution:
I would take 1/4 of my position at each Take profit point.
If after reaching T2, price come back to entry point, I would close the remaining position at the entry point.


MT Alberto

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Still active out trade, forming Bull flag

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As expected, strong support found at 535 level, still active trade

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Our trade is doing really good, first target reached, finding some resistance at 200 EMA as expected.
Our next target the, 100 EMA.

MT Alberto

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Now that at least Target 1 was reached, a good risk management would mean:
Don't turn a green trade into a red trade, which means, closing the position if price come back to entry point so at this time we are just trading with FREE money, else keep the position open to reach our next targets.

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Target 2 Reached.
Currently finding Big resistance at 100 EMA (completely normal)
New Stop loss if price goes back to Entry point.

MT Alberto

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I would close it if we come back and close below 200 EMA. Still keep it open the remaining part of your position.
As we are in profit in this trade and as we are playing with free money, we can wait to see if this is a Big relief from the BIG rally or a real Big correction (in that case we may close it). Lets wait.

MT Alberto

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Same as BTC, normal retracement rejected the 200 EMA to continue its movement to the UP.

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Currently on consolidation waiting for next squeeze

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Little retracement bouncing back up from 100 EMA. Still Trade Opened

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Still holding above 100 EMA, Trade active

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Nice move today of ETH :)! Lets wait our targets to be reached

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Target 3 Reached. Our trade is doing Awesome!
If it comes back to T1 we would close it.

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Behavior is very normal and nothing to panic, after a Big Rally, we would expect this retracement. Our objective is still the same :)!

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Current Crypto market is on rertacement so it is still ok to keep it open to reach our T4. Remember, we are already in profit and we are on the driver's seat

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Remember to close if back to T1

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Don't close remaining position unless it is back to T1 level.

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Remember to close if back to T1

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Price still above T1 so good to keep it open.

İşlem kapandı: hedefe ulaştı:

Price came back to target 1 so we are closing our position with anice profit :)!