Thecryptonizer

Positional Trade set up for ETHUSD

Short
DERIBIT:ETHPERP   ETH Perpetual Futures Contract
PLAN

- Set a short position in ETHUSD at 1246-1256.
- Stop loss at 1310
- Tp 1 at 1050.50 and TP 2 at 956.60

INFO

- Has a strong resistance at 1246 and the price is high likely to get rejected there.
- Stop loss should be in play.
- Check out the chart for your profits and Risk / Reward Ratio

Signing off,
THECRYPTONIZER
Trade active: If the candle breaks the trendline then our take profits should be 956.50 and 760.80 region.