ETHUSD: Short setup under bearish trend
Updated
ETHUSD: ETHUSD is following minor bearish trend line (be with trend),
and 2550 works as resistance level, where fresh bear rally started,
third higher low after respecting trend line. so i would wait
for another touch at resistance or trend line.
Looking for short setup at 2550 at new resistance.
! Strong close above that could be bullish move.
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Minor resistance: 2550, look for short setup.
- Minor support: 2410, (short target)
- Strong support: 2321
! leave feedback please.
Image-
and 2550 works as resistance level, where fresh bear rally started,
third higher low after respecting trend line. so i would wait
for another touch at resistance or trend line.
Looking for short setup at 2550 at new resistance.
! Strong close above that could be bullish move.
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Minor resistance: 2550, look for short setup.
- Minor support: 2410, (short target)
- Strong support: 2321
! leave feedback please.
Image-
Trade active
Huge accumulation at minor support, price triggered.Trade closed manually
Stop reached, at 22:15 on 16th June. But due to randomness, i wasn't sure when it'll cross classically, then 21:15 on 17th June, support became resistance and price respected resistance nicely.
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