This chart is for those who believe in CME gaps fulfillment strategy while trading i.e. "CME Gaps are likely to fill sooner or later".
In this CME gap chart of ETH i have drawn key S/R levels as well to consider while trading.
For newbies here are the tips to trade S/R levels:
Bullish:
- Breakout, retest and hold above
Bearish:
- Breakdown, retest and...
I have drawn key support and resistance levels (S/R) here.
There are 2 plans as of now here and my plan is like If Plan A gets success then only look for Plan B.
Plan A:
Entry is at mid range
Target 1 and Target 2 (range high) are mentioned.
Stop loss: Daily close below 27.77 | If you want to sync price action with BTC then if Bitcoin closes daily below 22.5K...
