Took out a long position on ethh20. It seems the 4hr cycle low is in, hovering above the trendline of support that goes back to the end of September. The chart is showing a bullish divergence on rsi as well as squeeze momentum.
On the daily we can see oversold rsi, possible peak momentum, and converging macd.
Let's see if I can swing this up to the daily 100ma @2050 or so. I'll be keeping a close eye on btc, a hard pump can rekt this trade.
These are the specs I'm using for this trade:
#ETH/H20
Exchanges: Bitmex
Signal Type: Regular (Long)
Leverage: 5
Entry Zone: 1795-1805
Take-Profit Targets: 1850-1900-1950-2000-2100
Stop Targets: 1750
Risk: 15.25%
Reward: 81.7%
Rate: 1799
On the daily we can see oversold rsi, possible peak momentum, and converging macd.
These are the specs I'm using for this trade:
#ETH/H20
Exchanges: Bitmex
Signal Type: Regular (Long)
Leverage: 5
Entry Zone: 1795-1805
Take-Profit Targets: 1850-1900-1950-2000-2100
Stop Targets: 1750
Risk: 15.25%
Reward: 81.7%
Rate: 1799