Price once again tested $0.60 and rejected, this is just more confirmation of the relevance of this level.
Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade.
I maintain the same targets and will slowly scale off as they are met.
I also have a short running on ETHUSD which lends itself to the overall bias of a dip. The next impulsive move will be swift so I might have to monitor and update more than usual.
Let’s see how it goes from here.
Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade.
I maintain the same targets and will slowly scale off as they are met.
I also have a short running on ETHUSD which lends itself to the overall bias of a dip. The next impulsive move will be swift so I might have to monitor and update more than usual.
Let’s see how it goes from here.
