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BTC/ETH today's ideas and price levels
Yesterday, if you strictly followed the strategy for BTC and ETH, you can now move stop-loss to breakeven for those already taken profits; look for new opportunities today.
An accelerated decline in the early morning tested 59000. After breaking 59800, it did not continue to fall with volume, which is a good sign. Spot positions entered in the last two days must be held firmly. Just try contracts and go long!
The market now has only two outcomes: either a violent rebound or a breakdown leading to another violent crash. So at this moment, the risk-reward ratio for trying longs is very high!
BTC
Long
Entry 60300
Position 1-2%
Take profit 1000/2500/5000+ scale out and move stop to breakeven
Stop loss 59000, if broken and cannot quickly recover
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ETH
Long
Entry 1575
Position 1-2%
Take profit 30/80/300+ scale out and move stop to breakeven
Stop loss 1525, if broken and cannot quickly recover
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After reaching the first take profit level, if stop loss is not triggered after moving to breakeven, hold firmly! Hold spot positions firmly. Next, either a breakdown and big crash or a violent rebound is coming! At the latest, there will be a rebound next Monday if the support is not broken; faster, within 1-2 days.
So now, the risk-reward ratio for going long with a stop loss in case of breakdown is relatively high. Prefer to go long on pullbacks!
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In the secondary market, you are responsible for your own profits and losses!