ETH short position idea sharing.
In the one-hour chart, after the ETH price came to the resistance range of 1300.00~1315.00, there were two high points, and it showed lower high pattern.
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Taking 1255.70 and 1311.76 as the Fibonacci sequence 1 and 0, it can be seen that the support prices of 1234.29 (1.382) and 1221.05 (1.618) almost overlap with the support prices of the large cycle(1 day). Therefore, if ETH falls below the trend line support of the triangle convergence, the above-mentioned two prices can be set as the take-profit target of the short order.
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ETH short position strategy:
entry: 1268.40 or 1255.70.
Take profit: 1234.29 and 1221.05.
stop loss: 1308.89 or 1311.76. Make choices based on your ability to take risks.
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The EMA of the one-hour period has shown a long-term arrangement, and ETH still has a chance to reach 1334.81~1356.30, or even around 1400.00.
If there is a short position according to this strategy, please strictly implement the setting of the stop loss price, and do not carry orders and damage personal property.
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-
Taking 1255.70 and 1311.76 as the Fibonacci sequence 1 and 0, it can be seen that the support prices of 1234.29 (1.382) and 1221.05 (1.618) almost overlap with the support prices of the large cycle(1 day). Therefore, if ETH falls below the trend line support of the triangle convergence, the above-mentioned two prices can be set as the take-profit target of the short order.
-
ETH short position strategy:
entry: 1268.40 or 1255.70.
Take profit: 1234.29 and 1221.05.
stop loss: 1308.89 or 1311.76. Make choices based on your ability to take risks.
-
The EMA of the one-hour period has shown a long-term arrangement, and ETH still has a chance to reach 1334.81~1356.30, or even around 1400.00.
If there is a short position according to this strategy, please strictly implement the setting of the stop loss price, and do not carry orders and damage personal property.
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