ethereum bear flag short to $755

macro factors:
federal reserve quantitative tightening
money being sucked out of most markets

technical factors:
being supported on a grind line with each bounce being sold off more and more aggressively.
this confluences with the price action we see on many different alt coins, ADA especially which broke its descending triangle to the downside.

technical target: USD 755
stop loss : USD 1347

good luck and namaste

Trade stängt: Stopp nått:

stop loss triggered.
short trade closed and opened a long position.
took a small managed loss
this could be bottom for now
namaste