Ethereum Power Ranger

We smashed into some impressive support on the H4 chart, sent price well above the last dip, signifying a temporary change in trend.

I am expecting price to rally up to the ~~145.xx Premium Zone, get rejected and fall back to test the larger daily Discount zone (Large Green Box).

We had a nice 78.6 retracement (Small Green Box) which is where I have entered my trade..

I am LONG @ 120.5
My TP is 144.00 (Not Greedy!)
My SL is 118

After we reach that area, I will be looking to get Short on ETH for a nice Hold on the way down!
But I will update that trade later!

Good Luck use smart money management!

Kommentera:

The setup has changed, we are likely to move lower.

I took profits at 127.30

Looking for a retest of Resistance to get into a short.

Will update.