ETH got past it's 1.618 Circle Fibs like there is no support there, just very late it started to fix things and is now going upwards following the curve. Since it is in continuous move, without much swing, it is risky it revert any point on time. To handle this risk you can use a moving stop just 1% below the price action so if goes 3% up and them revert, at least 2% profit you take. I setup this conservative strategy to tackle the return to the MA50 and also the 0.236 standard Fib which is some kind of magnet on reversals hope this play out.
There is just 6% on this conservative trade but who knows it can turn better:
There is just 6% on this conservative trade but who knows it can turn better:
Trade fermée: cible de profit atteinte:
ETH hit the MA50
