Sanjan91

ETH IN A CRITICAL ZONE

Short
Sanjan91 Updated   
BINANCE:ETHUSDTPERP   Ethereum / TetherUS PERPETUAL FUTURES
ETHEREUM is in a critical area from where it could likely breakdown. But the confirmation comes if it breaks the demand zone as well. Breaking the consolidation zone in the upper side with good volumes could give upward rally as well but that doesn't seem to be a likely case currently.

Trade closed manually: ETH took a time correction near the PRZ and took off in the opposite direction.

With lot of short covering accelerated above 3221.

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