ETHUSD W1: May re-test 840/860 USD / more losses(SL/TP)(NEW)

Jan 11, 2021

ETHUSD W1: May re-test 840/860 USD / more losses(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.

🔸 Summary and potential trade setup
::: ETHUSD weekly chart review/outlook
::: re-tested ATH and dumped 20%
::: have to be careful going forward
::: upside limited from here short-term
::: expecting more downside short-term
::: SHORT INTO BOUNCE
::: TP is 840/860 USD
::: expecting re-test of 840/860 USD
::: sharp one day sell off not good
::: BULLS better wait for lower prices
::: before reloading for a BOUNCE
::: 840/860 USD nice reload for BULLS
::: short-term bearish / more downside
::: recommended strategy: SHORT RIPS
::: TP BEARS is 840/860 USD
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS