Time to buy ETH?

RSI is oversold on 4 hour chart and ETH will soon hit trend line, so I think now its the best time to buy ETH. Price to buy 0,0865 and stop loss should be 0,0825. What I drew there is only for illustration, it dont have to be exactly like that.

Commentaire:

I forgot to write down targets so here they are :
T1 - 0,108
T2 - 0,125
T3 - 0,137
Third target is risky, but it is achievable. I personally sell one half at target one and other half at target two.

Transaction en cours

Ordre annulé

Commentaire:

Unfortunately ETH hit stop loss. Stop loss is sometimes good, when it hits stop loss and it goes down another week, so your loss is smaller. However, sometimes it is also bad, because it stops the trade and it comes back and you have nothing from it, only the loss. In stocks they are frequently used. In crypto where 20% up or down can easily happen, it is more difficult to use them or even say if we should use them.