ETH trade on next test of support
ETH/USDT
We are laddering a long for ETH at a potential support level. ETH has just made another ATH at 1820 and if it comes back to retest this level as support we can ride it back up to new ATH's
Pros for this trade:
ETH is very bullish and can follow BTC easily from here. It's making new ATH's almost every day now.
Cons for this trade:
ETH can come down to this level and the support might not be able to hold ETH.
This is what our trade will look like.
Risk Rating: 7/10
LONG 7x
Entry: 1759
Stop Loss: 1704.90 (-21%)
Target 1: 1812.46 (+21%)
NOTES:
Once our first target is met we will move our SL to BE, after that we will move our SL into profit each time we are up another 10%. This is a high risk position so take caution on position sizing.
Line Colour Code:
Y: Entry Prices
G: Target 1
R: Stop Loss
We are laddering a long for ETH at a potential support level. ETH has just made another ATH at 1820 and if it comes back to retest this level as support we can ride it back up to new ATH's
Pros for this trade:
ETH is very bullish and can follow BTC easily from here. It's making new ATH's almost every day now.
Cons for this trade:
ETH can come down to this level and the support might not be able to hold ETH.
This is what our trade will look like.
Risk Rating: 7/10
LONG 7x
Entry: 1759
Stop Loss: 1704.90 (-21%)
Target 1: 1812.46 (+21%)
NOTES:
Once our first target is met we will move our SL to BE, after that we will move our SL into profit each time we are up another 10%. This is a high risk position so take caution on position sizing.
Line Colour Code:
Y: Entry Prices
G: Target 1
R: Stop Loss