ETH looking for long
Updated
Hello fellow traders!
Today I'm looking to long ETH @ 1558.5 on the smaller timeframes as we had a strong buying pressure hitting 1hr support. I'm looking to target levels of 1670-1680 as there is supply zone there on the 4hr chart. Entry and stop loss decisions are made on 5min timeframe as I see volume coming in from the levels I wish to enter.
Today I'm looking to long ETH @ 1558.5 on the smaller timeframes as we had a strong buying pressure hitting 1hr support. I'm looking to target levels of 1670-1680 as there is supply zone there on the 4hr chart. Entry and stop loss decisions are made on 5min timeframe as I see volume coming in from the levels I wish to enter.
Trade active
Contracts got filled on the retest of level 1558.5Trade closed: stop reached
Stopped out on the down moveNote
Overlooked for demand zone on 15M timeframe, there is always a lesson to be learned.Trade active
Re-entered the trade @ 1552.75 with SL 1541.55, TP remains at 1674Note
https: //www. tradingview.com/x/OQ9iarwh/Note
corrected idea link aboveTrade closed: stop reached
Stop hit once again. Enough for the morning, I will step away and clear my head. Maybe come back in the afternoon. Wish you all a great day.
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