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DeNomics
Jul 16, 2021 11:43 PM

ETH/USD bounce and break Long

Ethereum Perpetual FuturesFTX

Description

Watching ETH at the moment for a bounce on the previous support level, going for an aggressive entry and expecting a bounce to break the down trend in a squeeze.

Expecting a descent bounce considering selling pressure residing and momentum on the CCI slowing down.

This trade offers a descent Risk to reward of almost 8:1 although if I get my entry Ill be paying close attention incase we do not sustain any buying momentum after the break.
For me this is a low risk trade of .5R

Trade active

This one has been a solid performer, taken partial profit and letting the rest run now since the bullish activity may cause a bit more fomo yet.

Stops are in profit so ill let it run

Trade active

This thing annihilated expectations and still running for now
Comments
Flibbo44
Bam! Great job! Played out perfectly. Smart idea to put 0.5R on higher risk trades too.
DeNomics
@Flibbo44, thanks mate still got more in it
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