Long

ETHUSDT - Hourly Buy Opportunity $175

Von zerocashcool

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Watch for bullish candlestick reversal near $175 in Nison PB&J Sweet Spot between SMA 10 / EMA 30.

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Black circled area is high risk.

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Optimal Buy Range: 172.05 - 173.71
This is a short-term trading idea. We're looking to buy in the PB&J and get out by the DeMark 9 Sell Setup at 22:00 UTC+2.

Trade ist aktiv

Bought:

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My Weekly perspective remains unchanged. This is to catch a Weekly EMA 30 attempt, or better. Tomorrow should be the deciding candle which will reveal whether the market goes up or down.

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SL at 178.75

Trade wurde manuell geschlossen

There are likely at most 3 more candles (including the present one) in this up wave from an hourly perspective. It's not tremendously likely that price will continue going up from this point to reach higher, though it is possible. Note that price is just under 200. Specifically, TD Sequential just completed the uptrend with a Countdown 13 Sell signal. The 9 could complete, bringing the price higher, but do expect a strong drop within the next 3 hours. Hour 3 could even be a hell of a large white candle. It is the exhaustion candle. So, eyes open! (and protect profits) :)

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You can consider buying the 50% retrace at 186.45 or deeper in the PB&J Sweet Spot. This coming candle is a 9 Sell Setup. This is uptrend exhaustion.

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I wager that price will shoot for 2.618 fib. Go for it.

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I think we can have a good 5 hours bullish until bullish exhaustion.

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Buy order around 190 might be good.

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Entry: 190
SL: 186.45
TP: 204

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I don't want to be a hypocrite. I've cancelled my order and am going to manually trade this if at all. It's a pretty dangerous spot.

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2>1 on the new candle can be a good entry to test upward strength.

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