A conservative trading setup on ETH/USD.
Looking at the chart, we can see that the price made a bullish breakout above the indicated upper resistance line, now acting as support. Looking for a retest, and monitoring the RSI if it becomes oversold, indicating a bearish reversal.
Entering at a retest, taking profits at previous highs.
Looking at the chart, we can see that the price made a bullish breakout above the indicated upper resistance line, now acting as support. Looking for a retest, and monitoring the RSI if it becomes oversold, indicating a bearish reversal.
Entering at a retest, taking profits at previous highs.