$ETH Trade Idea -- 2 Trades
Updated
Lots of high-leverage longs got wiped on the recent downward impulse.
Pay close attention to the 1675 & 1745 levels -- me thinks those stops get run before heading lower down.
Ripped a long at the 1580 area with my invalidation being a clean break below 1566.
Targeting 1675 first.
IF we get an impulse back up, THEN I will be watching both 1675 & 1745 as key levels to take profit & potentially flip short.
As always, let's see.
Pay close attention to the 1675 & 1745 levels -- me thinks those stops get run before heading lower down.
Ripped a long at the 1580 area with my invalidation being a clean break below 1566.
Targeting 1675 first.
IF we get an impulse back up, THEN I will be watching both 1675 & 1745 as key levels to take profit & potentially flip short.
As always, let's see.
Note
Closed this at BE ... will look to get back in on clean break above 1600Watching for now
Note
Late update...Missed the long up, but caught the short down at around 1720's .... fully closed this as price is tapping the trend line now at 1570s.
Idea was overall correct, just poor initial execution.
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.