ETH TA - 1h Bearish scenario

17 de ago. de 2022

I opened a short in the morning around at the 0.618 fib level. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍

And that's the main reasons I decided to take a long on ETH :

► Confirmation of pullback of the ressistance (grey box and orange line)
► Retrace of the 0.618-0.65 fib level
► Tripple Top
► High risk reward ratio



Trading setup:
Entry: $1925
SL: Moved to bear breakeven
TP1: $1736 (60%)
TP2: Let it run till $1280 or SL hit after moving it down

⚡Just to notice. We are right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡

Disclaimer: DYOR. No financial advice. Just for your impression.

17 de ago. de 2022

Nota

Follow me for some live trades on Youtube: youtube.com/channel/UC3_HLoNII8g5IgL98nO9iMQ

No Financial advice. DYOR.

17 de ago. de 2022

Nota

There is a wrong word in the Test. just noticed. I opend a short of corse not a long "And that's the main reasons I decided to take a long on ETH" It should be short instead long.

That what happens if you just copy and paste 😂

17 de ago. de 2022

Nota

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17 de ago. de 2022

Nota

Looking like we are going deeper. Still holding this position.
--> We retested the gray zone break down. good sign for bears.

18 de ago. de 2022

Trade fechado manualmente

Closed this trade just right now and re-entered with a lower Sl. Just to take some proifts from the table.