ETHUSD Short Idea on the Daily...
Hello traders,
Romain here, thanks for your support, comments and like...
This is an idea where I explore the short possibility on the daily..
What makes me think like this is that there is a lot of bullishness on the market, perfect to explore a short possibility where we will tap in untouched liquidity.
We've been moving since the last huge drop in a rising wedge, broken a few days ago, found back some support to bounce back up, but we still did not broke above the previous resistance and are still on it.
I would move SL to breakeven and take profit if I would be in a long here ( I actually closed my trade fully because I did a mistake.. but whatever.. :P )
Middle term might be a bit more upside. But Long term I think we will see lower lows again.
Don't forget that BTC didn't do much for halving, before, during and after... liquidity is still pretty low from all the longs that have opened shortly after the crash. CME gap still unfilled at 3.5K.
This the kind of things to remember that are also part of reality...
Romain here, thanks for your support, comments and like...
This is an idea where I explore the short possibility on the daily..
What makes me think like this is that there is a lot of bullishness on the market, perfect to explore a short possibility where we will tap in untouched liquidity.
We've been moving since the last huge drop in a rising wedge, broken a few days ago, found back some support to bounce back up, but we still did not broke above the previous resistance and are still on it.
I would move SL to breakeven and take profit if I would be in a long here ( I actually closed my trade fully because I did a mistake.. but whatever.. :P )
Middle term might be a bit more upside. But Long term I think we will see lower lows again.
Don't forget that BTC didn't do much for halving, before, during and after... liquidity is still pretty low from all the longs that have opened shortly after the crash. CME gap still unfilled at 3.5K.
This the kind of things to remember that are also part of reality...
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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.