Reasons to short:
Strategy:
Risk/Reward Ratio = 3.39 or 5.07
Entry: around 0.021382
Stop loss: 0.021882
Target 1: 0.019641
Target 2: 0.018970
Please keep in mind that this is short term trade while I still keep my long term LONG position open on ETH.
Please follow and smash the like button to support my work and see even more free TA :)
Trade safe!
- Second touch on major resistance.
- Bullish RSI divergence.
- RSI oversold, needs to cool off.
- Bullish volume is dropping
- Decent R/R.
Strategy:
Risk/Reward Ratio = 3.39 or 5.07
Entry: around 0.021382
Stop loss: 0.021882
Target 1: 0.019641
Target 2: 0.018970
Please keep in mind that this is short term trade while I still keep my long term LONG position open on ETH.
Please follow and smash the like button to support my work and see even more free TA :)
Trade safe!
Trade closed: stop reached
Aaaand I got stopped out :)
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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.
Related publications
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.