ETH / USD IN BULL PENNANT - REALLY? - CryptoManiac101
ETH / USD TA
We are looking at possible bull pennant coming from ETH vs USD pair. Looking promising however these patterns are prone to bull trapping traders which is why without stop loss you should not even consider entering at this phase. Parabolic curve is another thing we're looking at which thus far has held up.
Trading strategy is to put up a HIGHER RISK long around this area with tight stop losses set and pattern break close (depending on when you're entering)
If you're a bear, you can set a SHORT with low leverage and stop losses over $265
We are looking at possible bull pennant coming from ETH vs USD pair. Looking promising however these patterns are prone to bull trapping traders which is why without stop loss you should not even consider entering at this phase. Parabolic curve is another thing we're looking at which thus far has held up.
Trading strategy is to put up a HIGHER RISK long around this area with tight stop losses set and pattern break close (depending on when you're entering)
If you're a bear, you can set a SHORT with low leverage and stop losses over $265
