ETH USD Idea

ETH/USD on Coinbase, we observed a distinctive three-leg downward movement last year on November 11th. The daily confirmations for each leg displayed a clear bullish bias, making it remarkably straightforward to trade, thanks to technical confluences and accurate price predictions We got Pitchfork Channel.

Consistently respecting channel percentages, we've only encountered 11 stop losses across over 50 trades, involving both spot and scalp trading. The returns have been not just realistic but impressive in terms of ROI. Ethereum proves to be an exceptional asset, consistently providing profitable opportunities.

Looking ahead, it's important to acknowledge that the same ease with which it gave us gains can result in retracements to retest previous lows. Despite the held structure, the market could easily revisit these levels. Presently, we find ourselves in a monthly bearish order block, leading us to explore bearish trades. However, we maintain long positions as hedges. This strategy ensures that, in the event our short positions prove incorrect, losses are mitigated through the gains from our long positions.

It's a simple yet effective approach to navigate the market. Wishing you peace in your trading journey."