I have been watching $ETH since last week and now price is sitting right at our zone to fade this move. Here is the trade.
Entry: 1884.39-1895.7
TP1: 1852.24
TP2: 1833.34
TP3: 1814.44
SL: 1933.53
Price rallied into this zone and stalled out exactly where the last sellers were waiting. That is not a coincidence, that is supply showing up again.
Volume faded on the push up which tells me buyers are running out of steam here. Risk is capped at 1933.53 and this trade is offering a clean move down if it plays out.
You shorting this or waiting to see it reject first? Drop your take.
position accordingly.
$ETH $BTC
Entry: 1884.39-1895.7
TP1: 1852.24
TP2: 1833.34
TP3: 1814.44
SL: 1933.53
Price rallied into this zone and stalled out exactly where the last sellers were waiting. That is not a coincidence, that is supply showing up again.
Volume faded on the push up which tells me buyers are running out of steam here. Risk is capped at 1933.53 and this trade is offering a clean move down if it plays out.
You shorting this or waiting to see it reject first? Drop your take.
position accordingly.
$ETH $BTC