POTENTIAL TRADE : ETH/USDT
We have observed much bullish momentum in crypto-currencies over the past couple of weeks. We expect this strength to continue and we are looking at the psychological price level of $200 for a potential target on Ether.
We will buy this on a pullback to the price $155 with stops placed below $140 with a tight maximum exposure of 150 pips. Targets can extend up till $240 with our first target at $200, capturing a potential gain of 850 pips with our final target at $240. We will secure profits at the next psychological level of resistance at $200 with a gain of around 400 pips.
We have observed much bullish momentum in crypto-currencies over the past couple of weeks. We expect this strength to continue and we are looking at the psychological price level of $200 for a potential target on Ether.
We will buy this on a pullback to the price $155 with stops placed below $140 with a tight maximum exposure of 150 pips. Targets can extend up till $240 with our first target at $200, capturing a potential gain of 850 pips with our final target at $240. We will secure profits at the next psychological level of resistance at $200 with a gain of around 400 pips.