Bringing you today's #DemexSignals
Bull Trade Idea - $ETH / $USD
💡 Rationale: ETH is now back at key support around $1250. Although macro markets took a tumble with the announcement of the unemployment rate...
Read on. 👇🏻
Bull Trade Idea - $ETH / $USD
💡 Rationale: ETH is now back at key support around $1250. Although macro markets took a tumble with the announcement of the unemployment rate...
Read on. 👇🏻
..., a bullish divergence is being formed and with record levels of puts and shorts, we may see a short squeeze and strong rally towards the mid-term elections on 8 November.
The CPI inflation read on 13 October will determine where the market goes next, if inflation is lower than expected, it could be the start of another bear market rally.
⚡️ Execution:
▫️ Limit long entry around $1357.
▫️ Stop loss around $1217.
🏹 Take profit at key areas:
$1380
💰 Risk reward:
Around 2.5x from $1280 to $1380 (next key area)
▫️ Limit long entry around $1357.
▫️ Stop loss around $1217.
🏹 Take profit at key areas:
$1380
💰 Risk reward:
Around 2.5x from $1280 to $1380 (next key area)
⚠️ Disclaimer ⚠️
Please do your own research before carrying out trades. Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of the Demex’s control and sphere of influence. Demex shall not be liable to any losses or damages.
Please do your own research before carrying out trades. Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of the Demex’s control and sphere of influence. Demex shall not be liable to any losses or damages.
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