peterbokma

ETHUSD-BUY strategy

Long
BITSTAMP:ETHUSD   Ethereum
The range for clearly broken, and caused a sharp fall.

We are in a likely Donchian support are and a Doji and a low RSI.

I am inclined to BUY current levels $ 2,500-2,550 and take profit on correction back towards 2,875. I would buy only very small increments and build up longs even when declining further. I suggest buying next $ 2,425 and 2,350. If done adjust profit taking to $ 2,750. The stop-loss either on financial stop % or $ 2,175 below.

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