Hi everybody, Trading is simple but not easy.
Ethereum has dropped 30% and now is above 200 Simple Moving Average, you can see in previous months and years how the price once tdropped to SMA 200 and then continued going up.
To this trade I will put Stop Loss around 3100 (to leave breathe the price in 200SMA) and go for a Risk / Benefit ratio: 1: 2.
Probabilities go to my favor but , how everytrade ,always there are risk to lost.
Ethereum has dropped 30% and now is above 200 Simple Moving Average, you can see in previous months and years how the price once tdropped to SMA 200 and then continued going up.
To this trade I will put Stop Loss around 3100 (to leave breathe the price in 200SMA) and go for a Risk / Benefit ratio: 1: 2.
Probabilities go to my favor but , how everytrade ,always there are risk to lost.