Nice idea if we are already long ethusd, as I currently am, playing it carefully as it is likely that we get stopped in the short trade, but if we do we can flip long with a very high probability of hitting 0.049 target ending in profit overall...
If short idea plays out, we can safely flip long after closing
If short idea plays out, we can safely flip long after closing
Trade active
Currenty in profit at 0.02988Moved stop loss to entry level at 0.032
Note
Looking very weak. Not going to open long when price hits target, instead I will just close 50% of my position since much lower targets are likely.BTCUSD strength until december is a key factor to consider when evaluating how low this could go.
Trade closed manually
Closed at 0.02855Still think we might go lower but would have liked to see price smash through my target and we got a bounce instead.
I think I might have been a bit euphoric when I started to see lower targets, which is a sign of a possible reversal.
Better to get out in profit and wait for a clear signal.
Note
Risk/reward is much better for longs here.. will start lokking for entries at 0.0259ETHUSD chart looks very good while BTCUSD most liley will start consolidating before the next leg up...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.