ETHusd last pump or dump?

baigxy Updated   
BYBIT:ETHUSD.P   ETHUSD Perpetual Contract
hello everyone, Price of eth started to go bullish at end of last week.
The price may create a rising wedge if price continue to remain bullish...
2200 is the price target if price breaks 2018

Price below 1745 could possibility fall to 1381

good luck
this message is for new traders (educational purpose only since someone message me is it going to be long or short?)

It can probably go up for last time before it drops.
Use 20sma in day timeframe chart, use stop loss below 20sma like 1790 for example

Once price reached 2018 bring your stop lose close to 1943..

If price go above 2100 bring ur stop loss to 2018…

And lastly if price go above 2200 then bring your stop loss to 2100…

Always use stop loss u can always recover your money…there are always new opportunities in the market... never trust the market make sure u always use risk management...

a small profit is always better than any amount of loss
a small loss is easier to recover than a big loss (that's where risk management is handy)
Trade active:
price is above 20ma so its bullish for now,
price is still in support area, the price could go bearish the next target area 1381
Eth rejected by resistance trend line which was acting as support before..
possible double top if price fall below support 1758

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