Updated

ETH DAY TRADING 18/9/2023

First position of the day is risky.
Cons: Candles are above MA and RSI is very high but not that high were trend reverses.
Pros: CM and candles are starting to reverse the trend.
I'm trying to short before the MA crosses to maximize my gains.

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Took the L entered too early.

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I have set up my price channel badly.

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Im really confused why ETH is moving more in downside and not as much as upside.
Im used to moves like here on BTC where price follows previous resistances.

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Here i added very similar bar pattern. I expect price to move in similar direction.

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My bad short entry was due to:
Shoring in uptrend.
Not setting up price channels correctly.
Not checking previous resistances.
I saw consolidation and thought it would bart.

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End of they day is not bad but could be over +50%.

tk_crypt0

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tk_crypt0

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