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Wajani Investments: ETHUSD Analysis

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ETHUSD has currently formed a triangle with a resistance broken to the upside. In most circumstances, I’ll like to wait for a retest of that resistance, i.e. resistance-becomes support to be sure that the breakout was not false. Once that level is tested and held, I’ll take a trade assuming Leg2 would have a similar move like Leg1. This is a very good trade with a 1:4 RR.

If you have any questions, feel free to ask. You can add or subtract from this idea.

Remember, trading always carries risks, and this is for EDUCATIONAL PURPOSES only.

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