Ethereum
Short
Updated

ETHUSD H1: PT BEARS is 1600 USD SHORT THE BOUNCE(SL/TP)(NEW)

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ETHUSD H1: PT BEARS is 1600 USD SHORT THE BOUNCE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern .


🔸 Summary and potential trade setup
::: ETHUSD 1hour chart review/outlook
::: ETHUSD met heavy resistance at 2 000 USD
::: bullish TL broke down earlier last week
::: HS in progress now SHORT from overhead
::: TP BEARS is 1600 USD
::: current low near 1500 is FAKE LOW
::: expecting a W-shaped bounce from here
::: BEARS get ready to SHORT HIGH
::: TP BEARS is 1600 USD
::: lower risk strat: wait for re-test of RED TL
::: and then reshort into BOUNCE /
::: reshort into re-test of the pattern
::: it's anniversary of a 50%+ DUMP SOON as WELL (2020)
::: ETHUSD sold off 50%+ 15th FEB - 15th MAR 2020
::: so recommend to be extra careful next few
::: weeks as price is very unstable near ATH
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/800USD
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
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.
Trade closed: target reached
TARGET HIT. 1600 USD TODAY.

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