Potential Demand and continuation trade for ETH
Price action is aligning very smoothly,
I will still wait some more for the full bullish conformation of continuation
Daily Activity confirmed with breaking previous swing back into overall bullish territory
Strategy rules checklist:
Daily TF activity: ✓
1H EMA flip ✓
DAY 1 = pullback ✓
DAY 2 = pullback breaches "p" pivot ✓
Suppertrend 4h TF bullish ✓
Pullback momentum: waiting for final conformation of bulls stepping back into market
Price action is aligning very smoothly,
I will still wait some more for the full bullish conformation of continuation
Daily Activity confirmed with breaking previous swing back into overall bullish territory
Strategy rules checklist:
Daily TF activity: ✓
1H EMA flip ✓
DAY 1 = pullback ✓
DAY 2 = pullback breaches "p" pivot ✓
Suppertrend 4h TF bullish ✓
Pullback momentum: waiting for final conformation of bulls stepping back into market
Transaction en cours:
Commentaire:
Scale out 50 %
and tighten STOP LOSS for 50%
and tighten STOP LOSS for 50%
Trade fermée manuellement:
Nah
TP1 (scale out at 2%)
remaining half closed in slight los
all together 0.7% gain
TP1 (scale out at 2%)
remaining half closed in slight los
all together 0.7% gain
- I should wait for the 2nd part of momentum!
generally the trade plan is OK, but entry and SL relation is false that way