ETHUSDT.5S trade ideas
ETHUSDT🔥Let's break down the ETH chart
Now the asset is near the global support zone at $1000-1050.
What I think is that it is not worth waiting for some kind of global growth within 1-2 months, but inside the day you can take profitable transactions.
In the short term, I think we can rebound from the $1000 level towards $1.200-1.350 before the end of the week.
✅Don't forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
[Crypto] ETH Bear FlagNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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ETH long - 16-24hours The chart has Heiken Ashi candle at 4hour time frame and is forming great range and currently trading at lowest range, also ETH is at strong support level around 1770USDT so taking a long position here with safe target of 1900USDT and can go till 1950-1970USDTand it will take 16-24 hours or more.