ETH looks to be overbought and is hitting overhead resistance on long time scales. I am looking to take a leveraged short here at 1550 and looking at approx 1475 for safe take profit on a 15M scale and look to deleverage and 1400 for aggressive take profit. I will continue to pay attention to and adjust as more candles finish on the 1H and 4H.
If we start getting much farther up than we are, like 1565, ill be looking to stop out
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If we start getting much farther up than we are, like 1565, ill be looking to stop out
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Comment:
1558 held perfectly. Feeling very optimistic, just time to be patient and let the market do its thing!
Comment:
Moving stop loss to 1560
Comment:
Stop loss wasnt hit on Kucoin, back on alert for a bit
Comment:
Stopped out, will be looking for a new entry point.
Trade closed: stop reached:
Borrowed 6.02 eth at 1550 ($9331
Stopped out at 1560 ($9391
Loss of $60
Stopped out at 1560 ($9391
Loss of $60
The buy pressure is very minimal so may stick to my guns and hold through until a true stop hits at around 1565