Ethereum: How to Trade in Bullish Market
The price broke the local downtrend line and moved above the cloud. The market became bullish and we could open a long trade following the breakout signal. Now the price is at the local resistance zone. RSI reached the overbought zone and we should be ready to see the price reversal from the resistance with a pullback toward the cloud.
If the price reaches the cloud and we get a reversal signal, it will be good for buying. The breakout above the resistance zone without the pullback will give a risky buying opportunity. But I would like to buy using the reversal signal after the pullback. What about you? What is your trading plan for ETHUSD market?
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price reaches the cloud and we get a reversal signal, it will be good for buying. The breakout above the resistance zone without the pullback will give a risky buying opportunity. But I would like to buy using the reversal signal after the pullback. What about you? What is your trading plan for ETHUSD market?
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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