bit_general

ETH Short idea

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
ETH losing some LTF MA, not showing much volume on dips

potential for breaskdown to lower support/liquidity.

TP1 @ £1778.

Tight SL as if we see a reclaim of MAs, likely to see a push up to nearest HTF resistance.

Trade active:
lately found front running a level by $1-2 achieves more fills.

TP1 hit, looking for a bounce now, potentially back to MA but volume not giving loads of confidence. If this level is lost, potential T2 is daily liquidity at $1750.
Trade active:
TP2 HIT. More volume so look for mean reversion - but, Any further weakness and we could see $1620 for TP3
Trade closed: target reached:
TP3 All targets hit.

complete lack of engagement on this trade - am i doing something wrong??

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