A possible SHORT opportunity is surfacing on ETH/USDT pair.
Why I am looking for a SHORT here when the whole market sentiment is euphoric. Simply, because I trade the chart and not the sentiment.
The reason for the SHORTing ETH/USDT is around $3350. 1. Head & Shoulder pattern forming as you can see on the chart 2. The neckline of the H&S is going to be re-tested and it could go slightly above around $3350. 3. Fib golden pocket (0.062) is around the same price, so a possible reverse PA from there. 4. Most importantly, a hidden bearish divergence at DAILY.
The trade Idea is as follows.
Asset: ETH-PERP (Ether) | price in USD Exchange: FTX Trade Type: SHORT 🔴
I will keep you posted on this trade idea. Stay tuned !!
Kommentera
The SHORT orders are filled now. Now we patiently wait for the target. Stop-loss in place. Risk managed.
The whole market is Euphotic now due to the recent pump. Honestly. I do not worry. I will stick to the plan. I will do what the chart unfolds until proven otherwise.
Let's go.
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The price went to 3550 and returned (3350 current price) and our stop loss was at 3565..
This is why it is important to have SL in right place.
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