ETHUSD Swing Short to $170

This paper trade idea is for a swing short trade to $170. This is in anticipation of breaking down out of the triangle price finds itself within. The measured move of the flag pole of this Bear Flag takes price down to about $160, so targeting support at $173 has a higher chance of meeting the final target.

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Entry Zone: 238.00 - 223.50

T1: 223.50
T2: 218.75
T3: 203.50
T4: 191.25
T5: 173.25

Stop: 250.64
R:R: 3.01
Leverage: 5X
Reward: 125.60%

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Please leave a like if you found value in this post and have a wonderful day! Let's get this crypto!



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Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.

Comment:

T1: 223.50 - HIT
T2: 218.75
T3: 203.50
T4: 191.25
T5: 173.25

Comment:

Trade was active on 7th, March, 2020, after closing below the blue support box. All targets were quickly thereafter hit! Let's get this crypto!

T1: 223.50 - HIT! (30.46% Gain)
T2: 218.75 - HIT! (40.4% Gain)
T3: 203.50 - HIT! (72.48% Gain)
T4: 191.25 - HIT! (98.21% Gain)
T5: 173.25 - HIT! (136.29% Gain)