REACTING TO THE ECONOMIC NEWS ON ETH 05/05/2021

Yesterday was a wild day for Crypto, Stock and Indices (this gave us intraday traders an exciting day)

A half-point interest rate hike by the Federal Reserve, the largest hike since 2000, which was done in an attempt to corral record high inflation.

ETH failed to reclaim back the $3000 mark and we had a picturesque Supply Pattern.

Stop loss = 1% Risk
Take Profit = 5.6% Reward
R/R = 5.60/1

Due to the High Volatility we scaled to the 15m to action this trade.

Hope you enjoy this trade idea.