ETHUSD Long on 1H

ETHUSD

4H chart is looking good for a move upside as it made a higher low after a good bottom. At the moment it does look like this is a confirm reversal with current support area at 3360-3400.
1H chart is looking a bit high at the moment on the PSI 1H so it may need to rest. This pullback need to be able to hold the support at 3360-3400. If this support breaks, then this trade is invalidated.
Overall trend on 4H is still looking good on uptrend.

Entry: 3340
SL: 3360
Target: 3595 (just below 3600)


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Comment:

Looks like the pullback is starting to happen now.
This would be good if price hold at 3405-3420.
As of now, that 3400 is a significant key level, and if price action do reach that 3400, it is not looking great for this trade.

SL moved to just below 3400.

Trade closed: stop reached:

Stop loss hit. At this point in time, its is key for ETHUSD to hold its current major support at 3370-3390 for this to be a valid Long.

I find that if price can get back in 3400-3420, this would look really good to the upside.