ETH technical play

19 Tem 2021

Even though I am optimistic about crypto, I can not walk free this technical play. The break up from the triangle can be considered as a trap so the move back to its base is a good point to short it. And as potential target it would be logical to break both previous supports and clean up the way to make a healthy move later.

20 Tem 2021

İşlem kapandı: hedefe ulaştı

“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” Soros

Unfortunately, being dead right I lost in this position. The reason? Too much involvement, I simply could not believe the first leg could go further. So I closed my short. Worse is I initiated buy and was caught in the morning in deep red.