ETH has been going through some rough times with this DAO hack and all this uncertainty around whether the soft/hard forks will be passed. This issue most likely won't be resolved tomorrow and while miners are trying to reach a consensus, there will definitely be a lot less buy pressure. So, mETH hodlers will be more inclined to sell and price will decline. Anything above $12 usd or 0.017 btc is a short.
Entry: 0.0172
Desired Exit: 0.013
Entry: 0.0172
Desired Exit: 0.013
Trade closed manually
Price was meeting major resistance in the 0.015s so closed at 0.0158. Feel like i chickened out as price is not retracing much but i need to catch some zzz's and rather not stare at this.Trade active
Reshorting preceding break of 0.016, target is 0.014
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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.