ETH LONG 1/6/2023

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ETH Currently retesting Parallel Channel. (High of 16 Apr connect with 6/5)

Entry: 1853.5 (Market)
Sl 1.5-2% below Parallel Channel
TP1: 1910 Tp2: 1989

*Direct move SL to Breakeven when Tp1 hit.
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Now Eth at Small Parallel Channel Resistance. We need Eth break this resistance Fast and strong (within 1-2 days must break). The longer it takes to break, most likely it cant hit our tp price.
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SL move to Breakeven. If Eth Next pump up can't break channel resistance, fully tp long order.
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1.Long order can secure 50% profit already and open a short order same margin as
long order. Short order CUT LOSS 1% from channel resistance.
2.Reason Open short is 15m chart seems have a Head and Shoulder pattern.
*No fully TP Long order so that if price continue go up, you still have 50% long order on hand. If go down , u have short order on hand and also atleast you secure 50% long at resistance.
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Oh ya, if you didn't open hedge mode at your setting. your long order will fully close when you try to hedge. S
Chart PatternsTechnical Indicators

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