Ethereum: Example of Long Trade
The price bounced from the support zone formed by SMA200 and 455.20$ support. RSI confirmed the price reversal and the same goes for MACD histogram. It gives us a buying opportunity.
Stop orders must be placed below the local swing low and the support. The main profit target should be at 477.25$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Stop orders must be placed below the local swing low and the support. The main profit target should be at 477.25$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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