The move up looks to have been rejected which really surprised me this time round as the volume was very good but it seems to have been rejected over the last few hours. i did have a small long which is closed already turning it into an instant short once i realized bullish sentiment is rejected it with bears still in control.
Opened short - 2075
Target - 1880-1930
stop - 2125
As always we will be reevaluating the position in trade, usually i like to hold these positions on a much larger time frame when shorting eth from the top but this position will be a bit different, it will be a very strict target & stop without much room to maneuver taking into consideration the bullish move had good volume & eth has some events coming up at the end of the month.
time to watch this trade come good & recover from the mad weekend. good luck all.
p.s good hangover cure -> honey on toast + 1 banana + 1-2L of water before bed ;-)
Opened short - 2075
Target - 1880-1930
stop - 2125
As always we will be reevaluating the position in trade, usually i like to hold these positions on a much larger time frame when shorting eth from the top but this position will be a bit different, it will be a very strict target & stop without much room to maneuver taking into consideration the bullish move had good volume & eth has some events coming up at the end of the month.
time to watch this trade come good & recover from the mad weekend. good luck all.
p.s good hangover cure -> honey on toast + 1 banana + 1-2L of water before bed ;-)
Trade active:
still open, just moved slightly the stop mainly due the bullish BTC move which predictably ended the gradual grind up, have now moved the stop to the original point.
if we dont gain momentum to downside in the next 4-8 hours i will most likely close this trade.
currently the price has dropped below previous resistance which is still giving this trade some hope.
if we dont gain momentum to downside in the next 4-8 hours i will most likely close this trade.
currently the price has dropped below previous resistance which is still giving this trade some hope.
Trade active:
Trade closed manually:
got very lucky with some panic last night, nice dump down hit over 70% of my orders.. most contracts got eaten up at 1955 rest i closed at break even today.
bit of a lucky trade which reflecting now was very risky in the first place due to timing of the trade, will take it anyway, everyone has a lucky trade once in a while. :-)
bit of a lucky trade which reflecting now was very risky in the first place due to timing of the trade, will take it anyway, everyone has a lucky trade once in a while. :-)