ETH/USD is currently in a bearish phase but appears to be showing a minor pullback. If the price sustains above 2089, and remains within the 2062–2095 range, an upswing toward the 2500 level could be achieved. Therefore, with a stop-loss at 2060, this setup presents a very high-probability trading opportunity.
However, it is important to keep in mind that ETH/USD is still in an overall bearish trend and the current move may only be a temporary pullback. Hence, a strict stop-loss at 2062 must be placed along with the order, and it should be adhered to without exception.
However, it is important to keep in mind that ETH/USD is still in an overall bearish trend and the current move may only be a temporary pullback. Hence, a strict stop-loss at 2062 must be placed along with the order, and it should be adhered to without exception.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.