EthereumShort
$ETH | Feds 75 bps = Erratic Behavior
Updated
I've added the Bollinger Bands into trading strategy as an added confluence and to help identify proper pull backs and knowing when the market turns. Was watching ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels prior I am shorting this as it looks more like a pull back as previously noted from prior levels. Also I am using primarily the Daily and 4HR charts to trade as I am mostly swinging. We are still in a downtrend and I see a little more pain to come.
ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels prior I am shorting this as it looks more like a pull back as previously noted from prior levels. Also I am using primarily the Daily and 4HR charts to trade as I am mostly swinging. We are still in a downtrend and I see a little more pain to come. Trade active
Entry: $1319Profit: $1225
Stop Loss: $1416
Trade closed: target reached
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