ETH short a bounce to Resistance

ETH has finally overcomed the neckline of the containing box 1310-1407 but the buy volume is not heavy enough to get it move over R1 and it is in the process of building a bearish formation or an ascending broadening wedge, I see an intraday shorting opportunity for a bounce up to R1 at 1370, at the upper box at 1385 or at the upper board at 1400 adn rejection down, i would short the rejection between 1365-1373 or at 1380-1390 or at 1400-1410; RSI on 15,30M and 1H is oversold while 4H is overbought, that is favouring a push up soon than later and than a pullback back down , i am not sure where the bounce up will be rejected but where i will se a rejection i will open my short, if it breaks up the trade would be invalidated as well if it break down; it is very important to monitor the RSI evolution and BTC.

I TRADE HIGH LEVERAGE 5 TO 50 X NOT 1 : 1 // POSITION 25%-100% // MULTIPLE IN AND OUT

IF I OPEN THE TRADE I WILL ADD A COMMENT TO THE IDEA // DAY AND INTRADAY TRADING ONLY

MY TRADING RESULTS
# 26 TRADE PROFIT IN THE ROW
86% WIN IN SEPTEMBER
37 WIN, 3 BE, 3 LOST
CHECK ON MY TRADINGVIEW ACCOUNT

Trade active

25% short opened

Trade closed manually

Trade closed 1372-1366 for a 6 US Dollar profit will wait NY open prior eventually reentering, but another profitable trade the 27th in the row

Note

LTF is buying, lets see whats happened at NY , i am looking to reshort at higher level after rejection, trade will be invalidated if ETH break upper resistance at 1410

giorgiovie

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giorgiovie