Going short (paper) hoping that the 1hr bear flag plays out. I'm bearish for now.
As a support line get tested over and over, the weaker and weaker it gets as buyers keep getting being absorbed (thanks to @CryptoCred for his TA lessons). As you can see each time we hit support the bounce was less and less. I believe that the support will break and will turn to resistance which will be a great short setup. However things could change, I will...
RSI is showing a bearish divergence. Stop Loss just above the local double top. If price breaks the highs then my trade is invalidated.
Limit order hit, long previous resistance, buy 101 @ 0.03748 TP1 = 0.04196 TP2 = 0.04770 SL = 0.03372 (Risk 10%)
Bought the retest of the neckline, 1001LTC @ 37.85 TP1 = Sell 25% @ 39.39 TP2 = Sell 75% @ 43.44 SL = 36.65 100% (risk 3.22%)
Would love to see this happen. Lets see!
ETH - Going short if price reaches 98.50. Lets see what happens. Might not reach. Will go long if Resistance flips to Support. I'll always have a plan for whatever happens.