Hey guys,

As our Ethereum long trade unfolds as expected, let’s run a quick update on where we’re at.

For context, take a look at the following excerpt from yesterday’s blog post that I’ve linked to above:

ETH/USD Hourly

Take advantage of these sorts of setups when they present themselves. There’s most likely a 1:3 to be found on this first bounce.

Will this be the scenario to play out?

Well we got an answer to that question pretty quickly, didn’t we:

ETH/USD Hourly

Now price has made that second little momentum push up, there’s an opportunity to take another entry in the zone marked above.

Don’t blindly set limit orders, but instead wait and see if price does in fact hold and bounce out of it. The zone allows for tight stops and you can therefor afford to let it bounce before entering and still easily get another 1:3.

You’ve already got +3 units in the bag from that first entry, now you can look to really make your month depending on your sizing here.

Best of probabilities to you!

✌🏻.

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