ETH is trading in a macro fibo range so we can not say for sure which way it would go but something that we can say for sure if ETH reaches to bottom line of fibo there is a buy zone over there and a good price to accumulate some ETH, I have highlighted the buy zone with a purple box ( between 1060USD- 985USD)
since in ETH's daily chart we can see that it bounced 3 times from this zone and also it's a major support line.
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
since in ETH's daily chart we can see that it bounced 3 times from this zone and also it's a major support line.
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
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