Time Frame: 4H Symbol: ETHUSDT Entry: 2865.05 TP: 2461.66 SL: 3161.38 Bias: Short
A study of ROC (rate of change ) of price and multi-timeframe support and resistance , we can anticipate a short trade . The possibility of going upward is not very strong and the exhaustion of upward drive is also explicitly visible from the story of current price action. That is why, we are planning a short trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.