Ethereum Possible Trades

Price came back above the uptrend line. We have the local swing high and it will be a level for possible long trades. If price breaks this level, we'll be able to buy with stop below 325.00 level. Profit target for long trades will be near 390.00 level. Also we have an entry level for possible short trades. If price breaks the uptrend line, we should sell below 325.00 with stop above 350.00 and profit target at 300.00 level. Trading on low timeframes means that we can have more fake signals than trading on 4H and daily charts. That's why all trades must be opened with stop orders and we can also use trailing stop orders for better exit if the market moves against our trades.

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