Good day traders
We got a SHORT signal on ETHBTC from SwingBot
But this is a risky trade seeing as the RSI is bottomed out and is forming a bullish divergence
Trend: Bearish
Trade Risk: High
Price below SMAs
RSI: Bullish Divergence on 3D
For that simple reason I would rather suggest to move profit taking to a shorter time frame like 2D:
This means you stick to the trend confirmation of 3D candles but use the 2D candles for profit and stop loss
BuyZone, Possible targets and Stop loss are indicated on the chart
Check out how to use my trade signals in the link below
If you are interested in using SwingBot to create your own signals, send me a message for a free trial
If you like my posts, remember to hit like and to follow to my posts
Happy trading
We got a SHORT signal on ETHBTC from SwingBot
But this is a risky trade seeing as the RSI is bottomed out and is forming a bullish divergence
Trend: Bearish
Trade Risk: High
Price below SMAs
RSI: Bullish Divergence on 3D
For that simple reason I would rather suggest to move profit taking to a shorter time frame like 2D:
This means you stick to the trend confirmation of 3D candles but use the 2D candles for profit and stop loss
BuyZone, Possible targets and Stop loss are indicated on the chart
Check out how to use my trade signals in the link below
If you are interested in using SwingBot to create your own signals, send me a message for a free trial
If you like my posts, remember to hit like and to follow to my posts
Happy trading
