eth - bearish backtest?
this trendline has held as support since last year, after the covid crash took place.
we bounced off it quite a few times, until tonight when we broke below it for the very first time.
will this be a bearish backtest \ continuation for a deeper drop?
or is this just a trap?
i caught a short near 4k, and i dont intend on selling this unless the market gives me a reason to.
full moon is on the 18th, that's around the time i'll be looking to take long positions,
till then - i'm riding this down.
we bounced off it quite a few times, until tonight when we broke below it for the very first time.
will this be a bearish backtest \ continuation for a deeper drop?
or is this just a trap?
i caught a short near 4k, and i dont intend on selling this unless the market gives me a reason to.
full moon is on the 18th, that's around the time i'll be looking to take long positions,
till then - i'm riding this down.
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