$BITMEX:ETHUSD is currently sitting just on top of the range high and has yet to close below on the 12-Hour timeframe. I expect a bit more downside before another move up.
Looking to long the area from $222-$229 with a fairly tight stop around $220 where this trade setup would be invalidated.
Take-Profit target is at a former support level, where we could see it flip to resistance.
If I am not presented with an opportunity to enter a Long position, I will be looking to potentially short the former support level and will post that setup later on.
Looking to long the area from $222-$229 with a fairly tight stop around $220 where this trade setup would be invalidated.
Take-Profit target is at a former support level, where we could see it flip to resistance.
If I am not presented with an opportunity to enter a Long position, I will be looking to potentially short the former support level and will post that setup later on.
Note
Cutting this position for a small loss, Bitcoin has broken through a key support level and the possibility for more downside is quite high.Trade closed manually
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.
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.