Current Price - $2100 Entry Price - $2100 - $2090 Trade Direction - Long Target Levels - $2110, $2120, $2130, and above $2140 Stop Loss - If the 2-hour candle closes below $2070
Disclaimer: This is my personal analysis for learning reference only. Trading involves risk that you must bear yourself. I am not a financial advisor.
Commentary: This strategy would be worth trying if it were a weekday. The key issue now is that it's the weekend with very poor liquidity! Taking the risk doesn't seem worth the reward. Therefore, I will not be entering a trade.
ETH Ethereum Bullish Trend Trade:
Current Price - $2100
Entry Price - $2100 - $2090
Trade Direction - Long
Target Levels - $2110, $2120, $2130, and above $2140
Stop Loss - If the 2-hour candle closes below $2070
Disclaimer: This is my personal analysis for learning reference only. Trading involves risk that you must bear yourself. I am not a financial advisor.
Commentary: This strategy would be worth trying if it were a weekday. The key issue now is that it's the weekend with very poor liquidity! Taking the risk doesn't seem worth the reward. Therefore, I will not be entering a trade.