Uptrend of ETH rejected from the resistance level so taking Short Position. Expecting the retracement to 0.382 fib level i.e. 2,869 since the same will be descending trendline support as well which was previously acting as resistance.
Note
Idea was right however the SL would have been a little higher i.e. around 3,000 since the SL that I set had already been drilled twice :(
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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.