ETH Short idea
Updated
Ethereum had a 12 green day streak with a very steep trendline supporting from below, but in my opinion it is very likely to break to the downside in the next few days.
You could alternatively wait for confirmation(for the trendline to break), but the R/R is fairly good so might as well start averaging your short in.
It is very much possible for ETH to go up to 2700-2720$ so use leverage carefully.
T1: 2280
T2: 2180
T3: 2080
SL: 2750
You could alternatively wait for confirmation(for the trendline to break), but the R/R is fairly good so might as well start averaging your short in.
It is very much possible for ETH to go up to 2700-2720$ so use leverage carefully.
T1: 2280
T2: 2180
T3: 2080
SL: 2750
Note
I see some potential upwards pressure in the next days, I suggest moving stop loss to 2550 area to ensure profitsTrade closed: stop reached
Stop loss hit in profit, waiting for reentry later
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