Technical Analysis:
ETH has been displaying a Descending Channel Pattern, indicating a bearish trend, on the daily time frame. Furthermore, a liquidity move has recently occurred within the pattern, which is highlighted by the yellow box. Additionally, a flag pattern has formed, adding significance to the trade setup.
Trade Setup:
Entry: Following the Smart Money Move concept, we recommend entering a long position at $1650. This level is identified as an opportune entry point, anticipating a potential breakout from the Descending Channel Pattern.
Target: Our target for this trade setup is set at $1890, offering a promising upside potential from the breakout level. This target represents the expected price movement following the breakout.
Stop Loss: To effectively manage risk, it is advisable to place a protective stop loss at $1620. This stop loss level is positioned to mitigate potential downside risks.
ETH has been displaying a Descending Channel Pattern, indicating a bearish trend, on the daily time frame. Furthermore, a liquidity move has recently occurred within the pattern, which is highlighted by the yellow box. Additionally, a flag pattern has formed, adding significance to the trade setup.
Trade Setup:
Entry: Following the Smart Money Move concept, we recommend entering a long position at $1650. This level is identified as an opportune entry point, anticipating a potential breakout from the Descending Channel Pattern.
Target: Our target for this trade setup is set at $1890, offering a promising upside potential from the breakout level. This target represents the expected price movement following the breakout.
Stop Loss: To effectively manage risk, it is advisable to place a protective stop loss at $1620. This stop loss level is positioned to mitigate potential downside risks.
Giao dịch đang hoạt động
Giao dịch đang hoạt động
Giao dịch đang hoạt động
Giao dịch đang hoạt động
Giao dịch đang hoạt động
Đóng lệnh: đạt mục tiêu
