Back in crypto & ETH has some nice ranges
I'm back in leverage trading after being inactive for like 6 months. I logged in and saw a lot of new ideas on BTC, ETH, XRP. All still following the same old flag patterns, trend lines, h&s and other patterns that match a crazy volatile bull market, but why use it in a bear market? If I had countertride every bullflag I woul've made more money that following those patterns.
That being said, I'm watching these s/r zones to range trade on ETH. Working out pretty well. Long on support, short on resistance or don't trade at all. Bear in mind; these are indicating s/r zones. they may stand or fail. Like it's looking to fail support @132. Heading towards 125.
My trade
- Shorted eth on 137 (was a bit too late)
- Exiting at around 125
That being said, I'm watching these s/r zones to range trade on ETH. Working out pretty well. Long on support, short on resistance or don't trade at all. Bear in mind; these are indicating s/r zones. they may stand or fail. Like it's looking to fail support @132. Heading towards 125.
My trade
- Shorted eth on 137 (was a bit too late)
- Exiting at around 125
Note
Closed! Wanna watch how the daily closes. Actually expected a strong bounce. 115 is a much reachable target than 140. I'm bearish, but we'll see how this thing goes down.
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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.