AlanSantana

Ethereum Looking To Retrace | Will It Go Lower Or Bounce?

Short
BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) had a great run and grew over 35% in a matter of just 3 weeks... Now it is starting to retrace and can go lower... But be careful, lots of bullishness around, so if support holds it can easily bounce and resume the uptrend.

All the levels are marked on the chart.

Namaste.
Comment: Trade: SHORT ETHUSD (Ethereum)

Leverage: 6X

Buy-in: $219 - $212

Targets:

(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188

Stop-loss: Close daily (1D) above $225.

Liq. price: $248.65
(Buy-in calculated at $215)

Potential profits: 86.16%

Capital allocation: 4%.
Trade closed: target reached: Targets:

(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188 -Reached (+86.16%)

That's my trade.

Namaste.

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