TRADING IDEA - ETHUSD REACHED NEW HIGH - SHORT OPPORTUNITY📉
The same as BTCUSD, ETHUSD has reached a new maximum at 3.083.52. After that the asset went sideways, waiting for some impulse. I see strong divergence on 4h timeframe on RSI and expect a decline within next 24-48 hours. Basically, it is the same story here as with the bitcoin, cause the nature of the recent hike is also the same. So, I put a
🔽 a market sell order at 2977.94 with
❌a stop loss at 3183.83 and
🤑a take profit at 2718.11
It is a counter-trend trade, so it's a bit more risky than usual.
Trade cautiously! Preserve your deposits!
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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.