ETHUSD H4: 35% correction warning distribution TP 1000 USD SL/TP

2022年12月14日

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ETHUSD H4: 35% correction warning distribution TP 1000 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: ETHUSD 4hours chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 3-5 weeks
::: LOG SCALE chart
::: not a great looking chart
::: decent BOUNCE in progress after CPI print
::: however limited upside going forward
::: sequence of lower lows / lower highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 1000 usd
::: 30-35% correction possible next
::: 4-8 weeks in December/January
::: right now limited upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +35% gains - near 1000 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/35%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

2022年12月14日

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