ETH/BTC Long trade opportunity coming soon

BINANCE:ETHBTC   Ethereum / Bitcoin
77 0
ETH/BTC has had a good upside break over the past 10 days. Pullback is imminent as the Daily RSI is bearishly diverging. I plan to enter a Long trade on pullback to support (green rectangle ).

Entry, SL and Target on the chart

R:R: 6.03

Reason for entry: Daily timeframe support rectangle is at 0.618 Fib retracement level

If price doesn't get to my entry zone then that's fine. I am not going to chase the trade then (remember we are still in a bear market)
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