ETH/USD just formed a nice short opportunity. The 4H bar closed below the upper side of the trading base ($334-$395), breaking October's POC. If the price will be able to stay below the level of $395, then we would probably see the downward movement toward the bottom of the trading base. At the bottom of the trading base, we can see a nice accumulation towards which the price will aim to go.
Trading Setup.
Entry: $392-$396
Stop-Loss: $406-$408
Take Profit: $345-$348
Risk-reward: 4:1
Overall, ETH is still in the upper trend from march 2020, therefore in the macro picture, this is counter-trend trade.
Trading Setup.
Entry: $392-$396
Stop-Loss: $406-$408
Take Profit: $345-$348
Risk-reward: 4:1
Overall, ETH is still in the upper trend from march 2020, therefore in the macro picture, this is counter-trend trade.
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Disclaimer
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🤖 Automated trading tools for crypto wundertrading.com/en
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
📣 Sign up to get up to 10% off
👉 tinyurl.com/yss4anua
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.