ETH/USDT : Broke above S/R zone and take the hold

6 באפר׳ 2022

ETHUSDT
Hello everyone 😃
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ETH has broke above the local S/R zone on daily and 12H's TFs and now it seems that it gets the support up there.
Current structure has brings up the possibility of Longs for ETH to retest above $3500's resistance !
📈 Bullish trading plans : There're two scenarios to work with;
- Take Long at current market price and set SL at $3200 and aim for $3850 ( This will comes with 3 R/R ).
- Take Long on a proper retest after a break-out above $3585 and aim for $4050.

🔴 If we get caught on the Stop-loss and losing the bullish momentum, Then you can switch on Short position to recover your losses.
📉 Bearish trading plans : There're also two scenarios to work with for bears;
- Take Short below $3040 and set SL as active management above the entry with three proper candles close, Aim for the lower S/R zone at $2390.
- Take Short on a proper retest after a break below the market purple trend-line and aim for the lower S/R zone at $2390.

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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades