rmugavin

ETH short

Short
rmugavin Aggiornato   
BINANCE:ETHBTC   Ethereum / Bitcoin
4H
Eth has been trending sideways after a big run up, finally broken to the downside with a LL

1H
Potential bear flag forming, currently price is at 4H res and the 50 Fib, which I expect to act as strong resistance.
CCI Showing divergence and turned down, steamroller turned down.
Multiple large wicks to the upside.
Trade attivo:
LL formed, Stop loss moved down to reduce exposure
Trade chiuso: stop raggiunto:
Came back and stopped out for a 0.2R small loss, showing the importance of trade management. "Let winners run and cut losses short"
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