Hello all, welcome to "Aglogains - Daily trade series"
In today's trade we are looking at ETH USDT coming back to a major level of previous support at 3329 - 3295
Since ETH USDT has pulled back to this level, we are looking at the 5 minute timeframe for entry signal confirmations. We see a double bottom followed by a bullish engulfing candle formed on the 5 minute timeframe confirming our entry.
Entry Price - 3328
Stop Loss - 3274
Take Profit - 3403
Will keep you posted on the progress of the trade.
Let me know your thoughts on the current market conditions, what is your next move?
In today's trade we are looking at ETH USDT coming back to a major level of previous support at 3329 - 3295
Since ETH USDT has pulled back to this level, we are looking at the 5 minute timeframe for entry signal confirmations. We see a double bottom followed by a bullish engulfing candle formed on the 5 minute timeframe confirming our entry.
Entry Price - 3328
Stop Loss - 3274
Take Profit - 3403
Will keep you posted on the progress of the trade.
Let me know your thoughts on the current market conditions, what is your next move?
Trade closed: target reached:
Profit booked!