This trade is very different from how I expected the week to develop.

#Bitcoin attempted a downside break overnight but failed and reversed.
#Ethereum, on the other hand, broke the weekly trend last week and managed to close the week above it.

Because of that, I’m entering a long position on Ethereum using a limit order, details below and execution in the next message.

Entry: 3120–3133
Stop: 2888
Target: 3585

Risk on this trade is 0.5% of my portfolio.
Not financial advice.

For anyone struggling with position sizing:
0.5% risk equals 1/16 of your portfolio size after leverage.
Example: with a $10,000 portfolio, the position size would be $625.
At 10x leverage, that means $62.5 margin, and so on.

$ETH $BTC