TradingView
HolRiz
Feb 25, 2024 8:55 AM

ETHUSD - Breakout trade: Trend continuation Long

Ethereum / US DollarBinance

Description

Go Long here @ $3034, TP: $3291 (next resistance), SL: $2901 (previous pivot low).

Breakout occurred above from ascending triangle pattern resistance. In uptrend (price higher than 250MA). Trend continuation trade.

2:1 R.R. 3-5% of fund risked.

Sells placed for 50% at 1:1.

Move stops if new pivot lows form. 60% win probability estimated (maybe higher looks bullish).

BITSTAMP:ETHUSD BINANCE:ETHUSDT

Trade active

Breakout confirmed. Retested resistance turned support at $3033. Trade active.

Trade closed: target reached

🎯 Smashed targets sold 50%, trailing stop now at $3,233.
More