ETHUSD rose towards 2,700.00 level and reached the take profit. And even went further towards 2,800.00 resistance level despite my 2,700.00 retest predict! (pic 1)
So, congrats to everyone, who stayed long here, we took the cash!💵
I am preparing for the next trade. Here is the plan: if the price rises once again towards 2,800.0 resistance level and retests it, I will open the short position with
🔽 a pending sell stop order at 2796.84 with
❌a stop loss at 2818.86 and
🤑a take profit at 2740.05
Additionally, the RSI shows divergence on 30-m timeframe.
I suppose this to be quick trade. Will see how it will work out.
Trade closed: stop reached
Yesterday I've entered short position on ETHUSD due to retest of the 2,800.00 resistance level. Unfortunately, the price went only half of my take-profit, rebounded from the MA50 on 1-h timeframe chart, triggered my stop-loss and jumped towards 3,000.00. Currently stays just below it. Will it rebound rom this level? Or will it continue to grow? Time will show.Anyway, the trade wasn't so bad, I didn't loose much (especially considering the success from BTCUSD long😏). For now will stay aside and wait for the market cooldown.
Related publications
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.
Related publications
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.