This is a pullback trading strategy that is a part of my daily series for Aglogains, where I publish one live trade every day for the next 30 days.
In this trade, you can see that the ETH-USDT chart had an explosive move upwards and is now looking at a pullback to the previous resistance, which gives us a great bullish entry.
Condition to enter the trade:
- Market pullback to previous resistance
- Double bottom on lower time frames (1H and 15m)
- Followed by a bullish candle
Entry - BUY - 2061
SL - 2027
TP - 2100
Since all our conditions have met, we entered a BUY trade at 2061 with a StopLoss at the swing low (2027) and 2:1 TP; Although I think the 2090-2100 range will see some resistance.
In this trade, you can see that the ETH-USDT chart had an explosive move upwards and is now looking at a pullback to the previous resistance, which gives us a great bullish entry.
Condition to enter the trade:
- Market pullback to previous resistance
- Double bottom on lower time frames (1H and 15m)
- Followed by a bullish candle
Entry - BUY - 2061
SL - 2027
TP - 2100
Since all our conditions have met, we entered a BUY trade at 2061 with a StopLoss at the swing low (2027) and 2:1 TP; Although I think the 2090-2100 range will see some resistance.