Short

Eth scalp short to 2k

Updated

Broke 4hr support support
psychological 2k target number
(Some more things I won't say here)

Correction is due though so small size
position- If work out want to be ready
to exit at 2k. Can set fix 3:1 RR tp
just in case it spikes lower. If not exit at 2k for 2 RR roughly

If this a fakeout then a sharp pullback will likely happen from 10 am -11 am 4hr candle but if price will hit 2k most likely.

Trade active

Note

Seems latter scenario playing out. Cancelled trade
Will attempt btc long up to 37350 area instead

Note

I lost this trade because of psychology , my demons crept up on me like a ninja, those bastards. Woke late, wasn't fully prepared ,plan wasn't followed fully so I don't feel good about this loss. Had the correct analysis initially and in many ways played out exactly however the anticipated spike back above the low on btc that I observed while also watching the eth chart led to a bit of doubt due to correlation.

On Ethereum the 4hr low was broken already and the price quite low but not quite reaching my reversal target of 2k. Btc started a fast rejection back above 4hr low and saw eth following so I thought this was the anticipated quick reversal and decided to cut the trade. It was only 0.25% total and that was cut down further to like a 0.125% loss, that's good. But then entered into btc for the continuation but before candle close it pushed back below the last 4hr higher low and close....likewise eth pulled back and hit 2k target.

And I got stopped on btc, should have waited there for close confirmation. Because now my sentiment have changed a bit. I'll have to wait for price to get back above that last higher low and show me that it wants to push up to 37330 area at least on btc before attempting another long. After that just have to wait to see if the bears are strong enough to continue the move down or not. If having difficult to break back above 36900 then am more bearish with lower price targets of 36250-36800

Filnft

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