If you're not on this train, You may get a shot on a pull back to the 50%. Keep the size appropriate as you do not want to get shaken out of this very strong trend. You've got two places to load (if and when we see them) at the 50 and the 61.8. And two targets for either partial profit or stop tightening. Risk reward is 3.85. Now, patience...
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nanozeus99
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can you clarify please. do you mean exit at $320 and then get back in at $262?
thanks
tradedevil
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@nanozeus99, HI there; to clarify... what I'm suggesting is that; if you're not already long, I'd wait until a pull back, to around the $262 level. An entry there, if we ever see it again, will offer the 3.85 risk reward profile to the trade. And the reason I posted this now, is because we've just hit a potential topping level for the 3rd wave. Now it may just keep going... but "if" there's some profit taking and we see a pull back... I know I"ll be adding. I'm very bullish ETH long term. But as a trader, I'm offering the next spot to get on board to any that are not already long. Hope that helps...
nanozeus99
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@tradedevil, awesome man thanks ! i hope we see a pullback to $262. at what price do you think the peak will reach?
nanozeus99
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@tradedevil, do you think it will peak at $392 and then if it starts dropping at $392 it will go to $262?
thanks