Hi everyone!
Hope you all are having a great trading week. Posting a trade from 2 days ago for ETH.
We were reaching a supply level of $1360 by the end of NY session and considered LONGS for beginning of Asian session and further.
ETH first grabbed liquidity below $1360 levels and then created a Break of Structure pattern by tapping $1400 level, retracing after to our point of interest at $1370.
Trade entered at $1372 with a RR of 8.5 to 1. Stops were placed safely below last point of demand and our target was highs of previous NY session at $1530.
Total time in a trade 21 hrs, TP triggered at $1530.
Please follow to stay up to date with our trade ideas!
Cheers,
Cryptonyx Capital
Hope you all are having a great trading week. Posting a trade from 2 days ago for ETH.
We were reaching a supply level of $1360 by the end of NY session and considered LONGS for beginning of Asian session and further.
ETH first grabbed liquidity below $1360 levels and then created a Break of Structure pattern by tapping $1400 level, retracing after to our point of interest at $1370.
Trade entered at $1372 with a RR of 8.5 to 1. Stops were placed safely below last point of demand and our target was highs of previous NY session at $1530.
Total time in a trade 21 hrs, TP triggered at $1530.
Please follow to stay up to date with our trade ideas!
Cheers,
Cryptonyx Capital