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Artem_Dishel
30 sie 2022 11:38

Ethereum Update - Be careful with longs.ย Short

Ethereum / TetherUSBinance

Opis

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ETH looks really suspicious ๐Ÿง

1. We have a trendline but it's only 3rd touch. Too early for breakout
2. Approach is too sharp. Usually coin can't break through if it didn't have decent accumulation beforehand.
3. Volume at high and it is decreasing. We can read it as buyer loosing power.

You could try opening short at breakdown of local trendline with stoploss above closest high.

What do you think of this idea? What is your opinion? Share it in the comments๐Ÿ“„๐Ÿ–Œ
If you like the idea, please give it a like. This is the best "Thank you!" for the author ๐Ÿ˜Š

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Komentarze
JoeChampion
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Nice, Ethereum should drop as well as Bitcoin!
redpiyo2003
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agree that was impulse short squeeze by the exchanges plus scalpers riding the wave and forcing the shorts into forced buyers.
shahbazali2k18
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Good analysis man
Vibranium_Capital
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nice work
Morteza-Emzajerdi
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ProjectSyndicate
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find out shortly seems reasonable to me
RLinda
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I like it. Thanks)
DeGRAM
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Thank you. Great job.
Wiฤ™cej