3 Reasons:
Location: At new lows
Momentum: Divergence confirmed on MACD. W confirmation on Willy.
Structure: Enter at break of W confirmation. Risk against structure bottom.
Profit Objective: 2:1 R/R
Location: At new lows
Momentum: Divergence confirmed on MACD. W confirmation on Willy.
Structure: Enter at break of W confirmation. Risk against structure bottom.
Profit Objective: 2:1 R/R
Trade closed: stop reached
Unfortunately ETH could not breakout from structure W, thought this could be the bottom and a reversal trend would begin.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.