EthereumShort
Sell the S/R flip on retest
Updated
Support now flipped resistance in the 124-127 area. Could take a short in that range with a stop at 132.5 which corresponds with the high of that small consolidation before the last breakdown. There is a naked VPOC at 135 that could possibly get tested so the more patient you are with your entry the closer you can move your stop above that to avoid being shaken out.
Clearly there is a group of dip buyers holding price up at the 116.50 area. If that support breaks it should trigger stops and at minimal a drop to 110. Also eyeing the 102 area for a second PT for this short setup.
Clearly there is a group of dip buyers holding price up at the 116.50 area. If that support breaks it should trigger stops and at minimal a drop to 110. Also eyeing the 102 area for a second PT for this short setup.
Note
Anyone know how to post charts/picture as an update to the idea? Can't seem to figure out how. I tried making a new idea and linking it but just creates a separate idea. Not really what I was looking for. I swear I've seen others post charts as updates. Thanks in advance.
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.