4H
Eth has been trending sideways after a big run up, finally broken to the downside with a LL
1H
Potential bear flag forming, currently price is at 4H res and the 50 Fib, which I expect to act as strong resistance.
CCI Showing divergence and turned down, steamroller turned down.
Multiple large wicks to the upside.
Eth has been trending sideways after a big run up, finally broken to the downside with a LL
1H
Potential bear flag forming, currently price is at 4H res and the 50 Fib, which I expect to act as strong resistance.
CCI Showing divergence and turned down, steamroller turned down.
Multiple large wicks to the upside.
Trade active
LL formed, Stop loss moved down to reduce exposureTrade closed: stop reached
Came back and stopped out for a 0.2R small loss, showing the importance of trade management. "Let winners run and cut losses short"
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.