ETHUSD 4HOUR: Distribution / TOP / SHORT IT! (SL/TP)(NEW)

Jul 10, 2020

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ETHUSD 4HOUR: Distribution / TOP / SHORT IT! (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT, because I expect heavy resistance
overhead to trigger selling and 30% correction soon.

🔸 Summary and potential trade setup
::: ETHUSD 4our chart review / update
::: distribution at the TOP
::: we are topped out now
::: leads to 30% correction
::: marginal upside from here likely
::: to re-test 257/259 USD
::: strategy: STAY OUT / SHORT IT from 257/259 USD
::: TP BEARS is 165/175 USD
::: expecing correction to kickstart soon
::: probably next wee
::: BUY/HOLD traders wait for better price
::: to reload later in August 2020.
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARISH

Jul 10, 2020

Note

sorry about that. double post.