Trade Direction:
ETH Short
Risk Management:
- 0.5%
Reason for Entry:
- Failure to reclaim weekly open
- Loss of weekly open, monthly open, and Monday low
- H2 timeframe oversold but within a reclaimed bearish order block
- Clear bearish grind price action aligning with higher timeframe bearish trend
- Higher confidence in shorts at current level than higher up
Additional Notes:
- Total market cap looks heavy, global situation especially middle east is continuing to see a risk off mindset for risk assets like crypto.
- Until price gives me a reason not to have to assume this is continuing bearish.
- Potential to short higher if this fails
ETH Short
Risk Management:
- 0.5%
Reason for Entry:
- Failure to reclaim weekly open
- Loss of weekly open, monthly open, and Monday low
- H2 timeframe oversold but within a reclaimed bearish order block
- Clear bearish grind price action aligning with higher timeframe bearish trend
- Higher confidence in shorts at current level than higher up
Additional Notes:
- Total market cap looks heavy, global situation especially middle east is continuing to see a risk off mindset for risk assets like crypto.
- Until price gives me a reason not to have to assume this is continuing bearish.
- Potential to short higher if this fails
Trade active
Moving.Will be one of my last trades this week. Very good week overall few ups and downs but not looking to get cocky. I'll have one more attempt at shorting higher up if this fails otherwise going to chill with the positions I have.
Enjoy your day :)
Trade closed manually
Will exit here just above be. Not liking this PA. Will look to short 106k btc as that looks likely to happen
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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.