BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
There are multiple patterns formed on the daily chart that can help us to point a macro movement for BTC. Also I would like to point that I'm searching for a selling point; Now let's head to our patterns...
There's a formed bottom flat triangle that had a deviation recently, So the rejection to lower prices are very possible here. Which will triggers our first SHORT entry ! - So our first SHORT entry's triggers should be located below $2800.
Now we'll talking about the possibility of break-out above the bearish trendlines. In that case we need to look for EQ Highs located above $3200 and the higher S/R zone to locate your SHORT entry, Why do I aiming my for the higher pressure zone ? We'll your able to open your positions every where you want; The importance of a trade is hided into the Stop-loss. It's the stop-loss that saving you from losing money or cutting the losses, Even the possible stop-hunts. So when you learns how to set your Stop-loss, Then you can focus on your profits, How to put your targets to make your trading setup even more profitable. Also I have to mention that the located S/R zone above is the point between 50% and 61.8% bearish FIB's levels !! - Now that you know the importance of trading setups; You can find out that if our SHORT position got invalidated by a break-out above S/R zone, Then you can take a LONG position with a reversed position's options to cover your losses ! - So our next SHORT entry will be located into the S/R zone and it'll get invalidate by any break-out confirmation above the entry zone ( S/R zone ).
📚 But if you wants to play the pair level by level into micro TFs, Then you can follow the chart below : As you can see there are two opportunities to follow. Both got the arrow up/down as a triggered position entry... For you trade options; You can set your SL - above $2850 for SHORT - below $3000 for LONG
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