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)
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)