{"id":11894,"date":"2022-04-07T04:46:02","date_gmt":"2022-04-07T08:46:02","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=11894"},"modified":"2022-04-07T07:22:06","modified_gmt":"2022-04-07T11:22:06","slug":"eth-pullback-trade","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/eth-pullback-trade\/","title":{"rendered":"Crypto Pullback Trading: +8% Gain in $ETH in 4 Days"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-1024x550.jpeg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-1024x550.jpeg\" alt=\"$ETH logo\" class=\"wp-image-11900\" width=\"717\" height=\"385\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-1024x550.jpeg 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-300x161.jpeg 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-110x59.jpeg 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ETH-768x413.jpeg 768w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/eth-pullback-trade\/#We_recently_bought_Ethereum_when_it_pulled_back_to_its_10-day_MA_then_sold_for_a_gain_of_nearly_8_just_a_few_days_later_Here_is_a_simple_review_of_that_winning_ETH_swing_trade_entry_and_exit\" >We recently bought Ethereum when it pulled back to its 10-day MA, then sold for a gain of nearly +8% just a few days later. Here is a simple review of that winning $ETH swing trade entry and exit.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/eth-pullback-trade\/#The_ETH_Buy_Signal\" >The $ETH Buy Signal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/eth-pullback-trade\/#Locking_in_a_79_gain_on_a_4-day_hold_of_ETH\" >Locking in a +7.9% gain on a 4-day hold of $ETH<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"bitcoin-breaks-below-50-day-ma-shifting-back-to-short-term-sell-signal\"><span class=\"ez-toc-section\" id=\"We_recently_bought_Ethereum_when_it_pulled_back_to_its_10-day_MA_then_sold_for_a_gain_of_nearly_8_just_a_few_days_later_Here_is_a_simple_review_of_that_winning_ETH_swing_trade_entry_and_exit\"><\/span>We recently bought Ethereum when it pulled back to its 10-day MA, then sold for a gain of nearly +8% just a few days later. Here is a simple review of that winning $ETH swing trade entry and exit.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum ($ETH), the <a href=\"https:\/\/gulfnews.com\/your-money\/cryptocurrency\/ethereum-know-the-worlds-second-largest-cryptocurrency-and-its-creator-1.1648111693214#:~:text=Dubai%3A%20Among%20thousands%20of%20other,coin%20that&#039;s%20synonymous%20with%20crypto.\" target=\"_blank\" rel=\"noreferrer noopener\">second largest cryptocurrency<\/a> behind the King of Crypto, led the crypto market higher with a solid display of relative strength last week.<\/p>\n\n\n\n<p>As Bitcoin ($BTC) drifted lower in pullback mode, $ETH trended steadily higher and broke out to new short-term highs.<\/p>\n\n\n\n<p>On March 30, we alerted <a href=\"https:\/\/new.morpheustrading.com\/blog\/crypto-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto Pro<\/a> members in the Crypto Trading Room that we were monitoring for a potential pullback buy entry for $ETH in the Morpheus Crypto portfolio.<\/p>\n\n\n\n<p>Specifically, we were looking for a precision<strong> buy entry on a pullback to the 10-day moving average.<\/strong><\/p>\n\n\n\n<p>But why?<\/p>\n\n\n\n<p><em>In a strongly trending crypto (or stock), the first pullback that touches the 10-day moving average since the start of a new rally is often an ideal, lower-risk buy entry point.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_ETH_Buy_Signal\"><\/span>The $ETH Buy Signal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We got our exact pullback entry point the next day, and we sent a trade alert to <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Morpheus Crypto<\/strong><\/a> members that we were buying $ETH in the portfolio. <\/p>\n\n\n\n<p>The daily chart of $ETH below shows our buy entry point from the crypto signal:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-453-50-\uff5c-ETHUSDT-Binance-Spot-1024x622.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-453-50-\uff5c-ETHUSDT-Binance-Spot-1024x622.png\" alt=\"BTC\" class=\"wp-image-10514\" width=\"717\" height=\"437\" title=\"\"><\/a><figcaption><em>Press image to view full-sized chart<\/em><\/figcaption><\/figure>\n\n\n\n<p>Notice how our buy entry off the 10-day MA was the FIRST touch of that moving average since the strong rally began weeks prior.<\/p>\n\n\n\n<p><strong>Again, this is typically a reliable buy signal&#8211;as long as the pullback is not on <em>higher<\/em> volume.<\/strong><\/p>\n\n\n\n<p>Shortly after our buy entry, increasing bullish momentum enabled $ETH to rally all the way back to its prior high the next day.<\/p>\n\n\n\n<p>At the same time, we noticed $BTC only recovered a portion of its similar pullback-<em>-not all the way back to the highs like $ETH<\/em>!<\/p>\n\n\n\n<p>This is notable because it pointed to clear leadership and relative strength in $ETH versus $BTC.<\/p>\n\n\n\n<p><em>Leadership in $ETH also meant that we were likely to see short-term buying momentum in the overall altcoin market.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Locking_in_a_79_gain_on_a_4-day_hold_of_ETH\"><\/span>Locking in a +7.9% gain on a 4-day hold of $ETH<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When we bought $ETH in the portfolio, our trade plan was a quick momentum swing trade to just above the 3,600 area&#8211;a resistance area from earlier this year.<\/p>\n\n\n\n<p><strong>At the same time, we also wanted to take profits quickly if the price action started to falter (rather than sit through a pullback).<\/strong><\/p>\n\n\n\n<p>On April 3, $ETH broke out above its short-term highs and made a run for the 3,600 level. <\/p>\n\n\n\n<p>However, the price action stalled and $ETH drifted right back down to its prior base.<\/p>\n\n\n\n<p>This is shown on the <em>hourly<\/em> chart below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-1024x622.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-1024x622.png\" alt=\"\" class=\"wp-image-10590\" width=\"717\" height=\"437\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-1024x622.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-300x182.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-110x67.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/3-459-15-\uff5c-ETHBUSD-Binance-Spot-1536x933.png 1536w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press image to view full-sized chart<\/em><\/figcaption><\/figure>\n\n\n\n<p>Given this short-term stalling, we sent a Crypto Trade Alert to <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto<\/a> members that we were raising the stop to just below the low of that pullback.<\/p>\n\n\n\n<p>As anticipated, the short-term stalling led to further selling, which quickly knocked us out of the trade with a <strong>solid +7.9% gain.<\/strong><\/p>\n\n\n\n<p><strong>That&#8217;s the Morpheus trading system at work<\/strong> with low-risk entry points and proactive trade management to generate consistent crypto trading gains!<\/p>\n\n\n\n<p><em>Discover a lot more educational crypto trading content in the Morpheus Crypto <a href=\"https:\/\/new.morpheustrading.com\/blog\/crypto-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\">archive<\/a> of past reports. Then, <strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">become a member<\/a><\/strong> to receive our top crypto trade signals, educational analysis, and your exclusive access to the Crypto Trading Room.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We recently bought Ethereum when it pulled back to its 10-day MA, then sold for a gain of nearly +8% just a few days later. <\/p>\n<p>Here is a simple review of that winning $ETH swing trade entry and exit.<\/p>\n","protected":false},"author":1,"featured_media":11900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[772],"tags":[],"class_list":["post-11894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/11894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=11894"}],"version-history":[{"count":5,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/11894\/revisions"}],"predecessor-version":[{"id":11930,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/11894\/revisions\/11930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/11900"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=11894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=11894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=11894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}