Short

ETH short again any Resistance rejection

ETH is trying hard to move to the upper area of the containing box at 1390-1410, but is continually rejected between 1365-1385, that doesn't mean that will not be able to get up there and eventully break out over 1400, but at the moment shorting is still the right side to be until the break up will occour at least for me that as a day trader; i see in the chart another ascending wedge forming that is a bearish formation most of the time so my position is to short ETH on different level depending if there will be a push up or : between 1382-1388 on rejection, between 1390-1395 on rejection or between 1406-1413 on rejection as well on wedge breaking down as per chart ; RSI on 15M is pointing up and is in neutral territory at the moment, 30M is going on overbought but has space to move up, 1H loks bearish pointing down near oversold area and 4H is overbought pointing down; the overal picture is not so nice for ETH as we have bearish formation and RSI is not looking really bullish and there are resistance that looks strong, so short a rejetion is my position at the moment, clearly if ETH break out of 1415 with volume i will revised it ; trade is invalidated at any break of resistance so the trade move to the next level; short the wedge if it breaks down at this level for me is a little bit dangerous i would wait for tomorrow to enter a trade.

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

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giorgiovie

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giorgiovie