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ETH/USDT 12H (Binance Fut.) Double rising wedge about to end

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BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Ethereum is at critical resistance here and I can see some bearish pattern forming.
There is still some place to grow up a little bit before dump that's why I'm using low leverage and large entry range.

Sell Entry= 193.62 - 200.00
Take Profit= 181.11 | 169.33 | 150.28
Stop Loss= 212.51

Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 23.94% | 41.88% | 70.92%
Possible Loss= -23.94%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
İşlem aktif:
2/3 entries filled.
Yorum:
All entries filled now, broke the small wedge but still inside the bigger one. I had to redrew it a bit because one candle spike was out, still looking bearish to me, I'm holding Short position 🤞🏼
Yorum:
Almost got stopped, I updated the stop to 217.67 making a R/R at 1:0.75 for first target.
ETH/BTC also went down, if keeps falling this would help, but that's now a riskier trade!
İşlem kapandı: durdurma seviyesi:
Btc didn't let it fall, better luck next time.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.