ETHUSD SHORT - RISK ENTRY - END OF ETHEREUM STRENGTH FOR NOW?
Updated
Hi again people.
I am projecting the crypto to be weak this week, especially Ethereum.
The whole pump from ETF expecetations from 3200 to 3900 should be corrected relatively quickly, we had similar situation with BTC & ETF.
With slightly more Short positions on CME for both BTC and ETH, I am expecting an Ethereum panic this week.
The entry now, and especially my SL is risky one - who knows if the market doesn't decide to take buy side liquidity first, but to be honest I smell weakness and I decided to give it a try.
SL for me now: 3863.
Safe SL: 4200.
Target: 3200.
Good luck and play safe!
I am projecting the crypto to be weak this week, especially Ethereum.
The whole pump from ETF expecetations from 3200 to 3900 should be corrected relatively quickly, we had similar situation with BTC & ETF.
With slightly more Short positions on CME for both BTC and ETH, I am expecting an Ethereum panic this week.
The entry now, and especially my SL is risky one - who knows if the market doesn't decide to take buy side liquidity first, but to be honest I smell weakness and I decided to give it a try.
SL for me now: 3863.
Safe SL: 4200.
Target: 3200.
Good luck and play safe!
Trade closed manually
Closed the trade due to multiple factors, first and foremost, we failed to break the temp low today 3 times and failed to hit bull liquidity. I will seek positioning other day. I closed the trade at 3777 price and profit.
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