ETH/USD Long, Can Lightning Strike Twice?
After hitting the target for our last long position on this pair, Ethereum has pulled back for a retest and found some support on the top of the .
Entering another long position targeting the equilibrium of the 12-Hour order block for the 1st Take-Profit @ $227.50, which is confluent with the 50% level of this latest move.
2nd Take-Profit is the former range high of $232, which is confluent with the 61.8% Fib.
Stop-Loss is fairly tight because Bitcoin could easily break the micro support it has been building and go test the bottom of its range which would give us a better opportunity to enter another long for ETH/USD.