ETHUSDT 3D Where to buy a long position for the medium term?

8. Juli 2022

To see the general picture from the ETHUSDT chart, we consider it on a 3-day time frame.

The good news is that during the strong fall in the crypto market in June 2022, ETH buyers managed to keep the price in the liquidity zone of $1000-1250

At this moment there is consolidation and, most likely, a set of long positions in the price range of $1000-1250

Confident long on the ETHUSD trading pair after fixing the price above $1250. Since currently the Ether price cannot be fixed above $1250, there is a possibility of another price correction down to the level of $1100 for Ethereum.

However, the probability of a sharp drop ETHUSDT price below to the $600 area has also greatly decreased.
As it can be seen that in the liquidity zone of $1000-1250 there is a decent fight between buyers and sellers on increased volumes, and currently it looks like the buyers are winning.

The situation on the ETHUSDT chart will start to look bad again if the sellers manage to fix the price below $1,000.

Based on the above, you can try a medium-term trade under the following conditions:
Entrance $1100
Stop $880 (-20%)
Take profit $2024 (+84%)
The profit/loss ratio is 4/1
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14. Aug. 2022

Trade geschlossen: Ziel wurde erreicht