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Hello world computer! ETH is above $200 and looking bullish AF. Let's look for some entries / re-entries and ride these ETH bulls.
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1. The recovery in equities and BTC run has been treating ETH nicely. Right now we have a pullback on ETH, but otherwise the trend is bullish, so let's look for an entry.
2. Directional Bias is showing an uptrend (Teal bar color) for ETH on the hourly. With this strategy we want to enter on pullbacks with a retest of orderblocks along the trend. Right now we have an uptrend, so we want to enter on retests of bullish orderblocks below the current price.
3. We are looking at S1 and S2 for entries.
4. We will exit the position if Directional Bias signals a downtrend by showing a Maroon bar color, or if our stop loss targets as illustrated on the chart are hit.
5. After we get our entires, assuming we move to the upside and aren't stopped out, then we will be looking for exits in the R1 and R2 ranges.