ETH SHORT Opportunity is Coming... Are you ready
Güncellendi
A possible SHORT opportunity is surfacing on ETH/USDT pair.
Why I am looking for a SHORT here when the whole market sentiment is euphoric. Simply, because I trade the chart and not the sentiment.
The reason for the SHORTing ETH/USDT is around $3350.
1. Head & Shoulder pattern forming as you can see on the chart
2. The neckline of the H&S is going to be re-tested and it could go slightly above around $3350.
3. Fib golden pocket (0.062) is around the same price, so a possible reverse PA from there.
4. Most importantly, a hidden bearish divergence at DAILY.
The trade Idea is as follows.
Asset: ETH-PERP (Ether) | price in USD
Exchange: FTX
Trade Type: SHORT 🔴
✅ Entry 1: 3305
✅ Entry 2: 3345
✅ Entry 3: 3390
🎯 Target 1: 2890
🎯 Target 2: 2740
🎯 Target 3: 2352
🛑 Stop Loss: 3565
Risk-Reward (R:R) Ratio: 4.55
Maximum Position Size: 3%
Margin: 10X max.
I will keep you posted on this trade idea.
Stay tuned !!
Why I am looking for a SHORT here when the whole market sentiment is euphoric. Simply, because I trade the chart and not the sentiment.
The reason for the SHORTing ETH/USDT is around $3350.
1. Head & Shoulder pattern forming as you can see on the chart
2. The neckline of the H&S is going to be re-tested and it could go slightly above around $3350.
3. Fib golden pocket (0.062) is around the same price, so a possible reverse PA from there.
4. Most importantly, a hidden bearish divergence at DAILY.
The trade Idea is as follows.
Asset: ETH-PERP (Ether) | price in USD
Exchange: FTX
Trade Type: SHORT 🔴
✅ Entry 1: 3305
✅ Entry 2: 3345
✅ Entry 3: 3390
🎯 Target 1: 2890
🎯 Target 2: 2740
🎯 Target 3: 2352
🛑 Stop Loss: 3565
Risk-Reward (R:R) Ratio: 4.55
Maximum Position Size: 3%
Margin: 10X max.
I will keep you posted on this trade idea.
Stay tuned !!
Not
The SHORT orders are filled now. Now we patiently wait for the target. Stop-loss in place. Risk managed. The whole market is Euphotic now due to the recent pump. Honestly. I do not worry. I will stick to the plan. I will do what the chart unfolds until proven otherwise.
Let's go.
Not
The price went to 3550 and returned (3350 current price) and our stop loss was at 3565..This is why it is important to have SL in right place.
The trade is still open.
Stay tuned!
Not
Stop-loss hit.. NEW ATH for ETH.. SOON.
Feragatname
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