ETH reclaimed the ~360 level. It has 360 below and 400 above.
Both scenarios on the 4H.
Wait for price to touch 400.
Scenario 1: If price breaks 400, wait for it to pause (break high?) and test 400 as support. If support holds, enter when price surpasses the break high. Target is 440.
Scenario 2: If price rejects off 400, wait for a second test to see if 400 holds as resistance. If resistance holds, enter when price moves below 388.
Both scenarios on the 4H.
Wait for price to touch 400.
Scenario 1: If price breaks 400, wait for it to pause (break high?) and test 400 as support. If support holds, enter when price surpasses the break high. Target is 440.
- Target: 440
Stop Loss: 400
R:R: 2
Scenario 2: If price rejects off 400, wait for a second test to see if 400 holds as resistance. If resistance holds, enter when price moves below 388.
- Target: 355
Stop Loss: 400
R:R: 2.6