TheDinoChart

Short ETH resistance -> target support. 4hr

Short
TheDinoChart Updated   
BINANCE:ETHBTC   Ethereum / Bitcoin
Reasons to short:
  • Second touch on major resistance.
  • Bullish RSI divergence.
  • RSI oversold, needs to cool off.
  • Bullish volume is dropping
  • Decent R/R.

Strategy:
Risk/Reward Ratio = 3.39 or 5.07
Entry: around 0.021382
Stop loss: 0.021882
Target 1: 0.019641
Target 2: 0.018970

Please keep in mind that this is short term trade while I still keep my long term LONG position open on ETH.

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Trade safe!
Trade closed: stop reached:
Aaaand I got stopped out :)

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