ETH Short Idea
Updated
Looking for shorts at the 1600 level as seen in the pic if the market gives an early week scam pump.
Would be a nice backtest of the HTF trendline that we broke under recently & a squeeze of late shorts.
Trade is clearly mapped out.
Let's see.
Would be a nice backtest of the HTF trendline that we broke under recently & a squeeze of late shorts.
Trade is clearly mapped out.
Let's see.
Note
Fake BTC ETF news = early week scam pump.Got in with half-size at around 1610s.
Invalidation above 1640.
Let's see.
Note
Scaled out half (so now 25% in) and moved stops to breakeven.Me thinks we could see that big 1640 wick get partially (if not fully) filled before heading lower down.
Let's see.
Note
Wick filled. Scaled back in short at 1620s.Clean break above 1640s = invalidation.
Let's see.
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