My trade of the day.
Massive 'W' staring in our face. Currently in a bullish pennant. Target is at 420000 Sats aligning with past resistance.
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Currently bouncing between this support and resistance. Waiting for resistance to flip into support before next leg up. That will be our entry.ملاحظة
Why we need to be careful about our entry?Every single time we were in this resistance area, what followed was major correction over the coming days and months. Will we see it yet again? I don't think so. Could we? Sure we could.
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Could ETH be overextended and we could see a correction?ملاحظة
Third time's a charm?تم فتح الصفقة
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We are facing a high resistance zone within a major resistance zone so expect to be spending some time here. A good time to accumulate. I am converting my entire portfolio to ETH. A 10% move from here once we are ready to pop. Might scalp this on the way to our target. Will update with setups as they unravel.ملاحظة
We are ready to meet our target.ملاحظة
I am taking profits before 41000 sats.ملاحظة
Taking a breather before testing 40000 Sats.ملاحظة
39650 sats touched. Major psychological resistance. ~40xxx Sats is the next immediate target. I will be closing my position sooner to enter another trade.ملاحظة
Immediate target is 40000-40300 Sats before our target at 410xx Sats. Will re-evaluate a fresh setup after that.ملاحظة
I think our next move is taking us straight to our target.ملاحظة
To those taking this trade on the spot exchange with me, do not worry. This was a scam wick and we should recover swiftly.ملاحظة
Updated target at ≤41500 Sats. I am expecting a correction of ~8% following that over the next 2 days.ملاحظة
Expecting BTC to retrace to ~11800 which will take us to our target. Next 15-30 minutes to decide if we are breaking down here or continuing one last leg up. You may exit your trades here in good profit if you are risk averse or wait for another ~3% upside.ملاحظة
Expecting ETH to test $500 and then head for a correction. Looking bullish to me but the market can always turn around and say, naah, not today.ملاحظة
Exiting my positions at ≤4000 Sats.أغلقت الصفقة: تم الوصول للهدف
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.