POTENTIAL TRADE SET UP FOR ETHUSD

31 Oca 2021

PLAN

- Open a short position at 1314-1328 and set a stop loss at 1407.

- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052

- High risk but higher reward, 1:4

INFO

- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.

- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.

- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com/grayscale-has-resumed-private-placement-for-the-ethereum-trust/.

- They might be waiting for the price to dump so they can buy the dip.


SIGNING OFF,
THECRYPTONIZER

1 Şub 2021

İşlem aktif

WE ARE STILL GOOD TO GO .

2 Şub 2021

İşlem elle kapatılmış

Hit our stop loss. Price Did not breakdown. Chances to breakout.