ETHBTC D4: BREAKDOWN / 35% DOWNSIDE REMAINS(NEW)

May 26, 2022

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ETHBTC D4: BREAKDOWN / 35% DOWNSIDE REMAINS(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.

🔸 Summary and potential trade setup
::: ETHBTC D4 chart review
::: S/R flipped from Support to Resistance MODE
::: structure broke down - expect more losses
::: upside limited from here / SHORT IT
::: Distribution in progress / BEARS
::: expecting limited upside short-term
::: ETHUSD will likely hit 1000/1200 USD
::: technically rising wedge broke down
::: 35%/40% gains on SELL SIDE
::: final TP BEARS is 1 000 USD (ETH USD)
::: no upside in this market now - expect losses
::: short-term BOUNCE possible / SHORT RIPS/RALLIES
::: currently risk/reward shifting in BEARS favor
::: nice setup for position traders
::: up to 30% gains possible on SELL SIDE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP BEARS is +30% gains
::: details: see chart
::: FINAL TP is 1 000 USD BEARS (ETHUSD)
::: BEARS get ready to RESHORT from overhead
::: short-term play / BOUNCE now / WEAK MARKET
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: DUMP/WEAKNESS/BEARS/30% losses
::: Sentiment short-term: : DUMP/WEAKNESS/BEARS/more losses

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.