Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view.
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Looks like price broke down before reaching the entry zone.