Looking at the lower timeframes of ETHUSDT
, what we may see is on its way up price found good resistance at the median line
of the blue pitchfork
dropping into an impulsive way which ended at its lower parallel. Since then it's been into a correction heading up and most likely it will soon retest the sliding parallel of the downsloping red set.
Since the slope is working pretty well, selling the retest is a nice idea. Sl and tp as shown in the chart. In case price reaches the first tp we move sl at breakeven to the second one.
All the best,