Possible retrace to kumo for short back down

Updated

Eth just did a kumo breakout on the 5 minute chart. It is quite likely that it will keep going down from this point and respect the short term trendline I drew. But in a situation where it breaks through the trendline I expect resistance at kumo and a kumo bounce would be a great trade here. Given the amount of space ETH can drop after kumo bounce we can have a nice big stop loss while having a good risk to reward.

Note

I was referring the 15 minutes, my apoligies.

Note

Note

Take profit has been reached.

Honestcowboy

✅ Learn how I trade as a FUND MANAGER with my private indicators here.

Website —> honestalgo.com
Website —> honestalgo.com
Website —> honestalgo.com

FREE telegram channel —> t.me/honestalgo

Also on:

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.