ggmich

ETH Short term trade opportunity

Long
KUCOIN:ETHUSDT   Ethereum / Tether
ETH just break resistance at 1810 - 1820 after 4 attempt so it will likely to continue the bull trend. However from the 1H chart swing high and low, the latest higher low according to the trendline and Fibonacci Retracement it is around 1780 - 1785 for eth to make higher low and make another swing high, i assume it likely won't break the trend line since the prevailing trend is bullish.

For the trading plan i will have stop loss at 1759 (0.768 Fibonacci point) and first TP 1833 below the 0.618 point, after that i will change the stop loss into my break even point and set TP2 in 1919 near the 1.618 Fibonacci point.

This is my personal journal not a recommendation and i never suggest to follow my trade plan so disclaimer on.
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