EthereumShort
ETH short down to 2400
Eth currenly showing momentum slowdown after creating a new high, following the current uptrend. Price came from 2325 with a strong momentum, peaking at 2480 usd resistance. Expecting the trend to continue up but first a retest of the trendline and 2400, to pick up orders for next leg up.
On lower timeframes the price has had a strong momentum down, taking out the previous low and creating a new lower low, indicating that price may be ready to fall lower now. Considering its weekend i think the probability is good for price to hit 2400.
shorts entry 2460-2465
stop at 2477
target 2400
risk 1%
On lower timeframes the price has had a strong momentum down, taking out the previous low and creating a new lower low, indicating that price may be ready to fall lower now. Considering its weekend i think the probability is good for price to hit 2400.
shorts entry 2460-2465
stop at 2477
target 2400
risk 1%
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