ETHUSD Short During Consolidation
ETHUSD made a nice break toward a previous high of 271. I'm looking at price levels and previous structure. 238 was an important resistance line that was tested three times before breaking, this will become the new support. If bulls are unable to break 271, the price will likely consolidate between 238 and 271. A nice little potential short @ 266.5-270 with a stop loss @ 273-275 and take profit at 239-244 is my target. Use RSI, volume, and a bearish flag for confirmation of price drop.
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