Ethereum (ETH) Short trade setup and long if conditions are met.
My last two trades on Ethereum netted 7% and 4%. RIght now Ethereum seems unable to close above the 216 area, while it keeps breaking bear fractals indicating weakness.
Therefore, we may short here with a close stop loss:
Short:
213 USD
Stop Loss:
216.4 USD.
We will trail our profits like the last trade so we may keep our short open if Bitcoin breaks down.
Therefore, we may short here with a close stop loss:
Short:
213 USD
Stop Loss:
216.4 USD.
We will trail our profits like the last trade so we may keep our short open if Bitcoin breaks down.
