EthereumShort
ETH short term trading setup!
ETH/USD just formed a nice short opportunity. The 4H bar closed below the upper side of the trading base ($334-$395), breaking October's POC. If the price will be able to stay below the level of $395, then we would probably see the downward movement toward the bottom of the trading base. At the bottom of the trading base, we can see a nice accumulation towards which the price will aim to go.
Trading Setup.
Entry: $392-$396
Stop-Loss: $406-$408
Take Profit: $345-$348
Risk-reward: 4:1
Overall, ETH is still in the upper trend from march 2020, therefore in the macro picture, this is counter-trend trade.
Trading Setup.
Entry: $392-$396
Stop-Loss: $406-$408
Take Profit: $345-$348
Risk-reward: 4:1
Overall, ETH is still in the upper trend from march 2020, therefore in the macro picture, this is counter-trend trade.
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🤖 Automated trading tools for crypto wundertrading.com/en
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.