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Easy 10% Move in ETH/USD

Today we posted a trade for our Alpha Room members.  In no less than a couple of hours, the trade hit our target zone nicely.

 

Trading can be time consuming to learn.  We have many subscribers that do not have time to develop trading ideas.  They come to us for education and potential ideas.  All of our members trade their own funds at their own risk. We strictly only post trades that we take ourselves, or find interesting for the community.

After accumulating and testing the support that was previously lost around the 740s area,  we expected $ETHUSD to offer a decent retracement back down to the 680s.  The move offered approximately 10% in unleveraged returns.

ETH/USD

Rationale: Looking for ETH to continue to rally up towards the 750s area and trigger a short entry, potentially targeting the 690s.

Time Frame: Medium

Outcome

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