I think ETH is primed to make a move very soon, there is alot of support below so a move to the upside AKA the path of least resistance could make sense. Please tell me what you think in the comments below!
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we need to hold this area to remain boolish
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how i am playing it, short to 225 or long to 280
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So far so good...will we get our 225 target? seems ambitious but who knows. either way i am happy with the way this idea has developed. Thanks for following along if you have
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Well, we did not quite get our 225 target but I am happy with the trade either way! to be totally honest I closed our super early at 240! lol Anyways. I would consider this one a success
@TEXAGG22, If you have an entry for 186 it's really up to you how you want to play it...you have a TON of support between you and your entry and it really is the perfect entry. So, It really depends on if you are using it as a scalp or a long term play. It seems by holding it this long it is a long term play so then it comes down to your directional bias. All larger TF still big time bull but what you need to figure out is what is your criteria for that bias changing. What has to happen for you to switch from being overlal bull bias to overall bear bias? Figure this out and then you will know how to play this longer position you are holding.
As a side not I give you props for holding this long I would have sold long ago, but I don't have the cajones for big time holds like that. I scalp too much.