ETHUSDT - LONG - 1h TF

Potential Demand and continuation trade for ETH

Price action is aligning very smoothly,
I will still wait some more for the full bullish conformation of continuation

Daily Activity confirmed with breaking previous swing back into overall bullish territory

Strategy rules checklist:

Daily TF activity: ✓
1H EMA flip ✓
DAY 1 = pullback ✓
DAY 2 = pullback breaches "p" pivot ✓
Suppertrend 4h TF bullish ✓

Pullback momentum: waiting for final conformation of bulls stepping back into market

Trade active:

Comment:

I realised I jumped the gun a bit with the entry
- I should wait for the 2nd part of momentum!

generally the trade plan is OK, but entry and SL relation is false that way

Comment:

Scale out 50 %
and tighten STOP LOSS for 50%

Trade closed manually:

Nah

TP1 (scale out at 2%)
remaining half closed in slight los
all together 0.7% gain