i have opened a short with a slightly bigger stop..
if the Green upper line breaks! expect a longer breakout target of 730!
if we break down as i hope with my short target to take profits below 655.
i am expecting to go lower, will take drip profits starting at 655 down to 630.
70% of position closed between 640-645 with order in the book. 640 was the major support level as indicated by the target box. we reached the very bottom of the target.
the remaining 30% closed on a trailing stop today at 653 levels.
An excellent Trade, Really enjoyed, had to be patient but massaged the short all the way down buying the tops, selling the dips. we started with a 685 base, ended up to 700+ base before we profit taking started.
currently price is sitting at 660 level, will wait to see the 2H-4H to take a new position, if we have a Breakout with good volume up will long it . if 660 holds over night that will be also a signal to long.
Currently Shorting ETH only position open please check that chart & comment.