DefineRisk

ETH providing a strong entry

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
Call me crazy (I am...) but I can't avoid picking up some ETH at this level. We may see a further dip but it is sitting near a very strong support level and has reached oversold status on RSI. See the vertical lines indicating the previous oversold points. The risk/reward makes this a play worth taking. Will manage this position as follows:

Sell 25% @ .00318 for ~ 7% gain
Sell 25% @ .00350 for ~ 17% gain
Sell 25% @ .00381 for ~ 28% gain
HODL or Sell final 25% @ .00483 for ~ 62% gain

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