Ethereum Looking To Retrace | Will It Go Lower Or Bounce?

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) had a great run and grew over 35% in a matter of just 3 weeks... Now it is starting to retrace and can go lower... But be careful, lots of bullishness around, so if support holds it can easily bounce and resume the uptrend.

All the levels are marked on the chart.

Sep 24
Comment: Trade: SHORT ETHUSD (Ethereum)

Leverage: 6X

Buy-in: $219 - $212


(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188

Stop-loss: Close daily (1D) above $225.

Liq. price: $248.65
(Buy-in calculated at $215)

Potential profits: 86.16%

Capital allocation: 4%.
Sep 24
Trade closed: target reached: Targets:

(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188 -Reached (+86.16%)

That's my trade.

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Related Ideas

OBV broke down just before price, which confirmed your BBL call, so I jumped in.

RSI trending down. I'm watching a potential OBV / RSI breakout to cut or reduce the short position.
Your short calls are even more acurate than your longs, congratulations :)
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