ETH / BTC Short
Updated
Short on ETH
35x
Technicals initially showing distribution characteristics. Will do some re-analysis just in case. May update
35x
Technicals initially showing distribution characteristics. Will do some re-analysis just in case. May update
Trade active
Note
Observing the Daily ETH chart showing we're at the 6/8 line after testing the 5/8 line as support. Confirming that fact that shorting this level is high probability. 5/8 Short target is 0.07934 which is somewhere between my first and second targets. This furthers aids my bias.
A break above this level and the subsequent stop of my trade would most likely provoke a re-entry of a short @ 0.091553
Trade closed: stop reached
Didn't get the reaction I wanted. Moved stop into profit. Stopped out
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