ETH to test 376 as a resistance and then a small correction
As I estimated/published in my last idea, ETH tested 370 very quickly. I see a decrease in bullish momentum, maybe only enough to test the resistance of 376, after which it would possibly get a correction (a minor at least). That would be a scalping opportunity for me.
I will:
Scalp ( ETH, short)
Enter 376-377
Exit1: 374
Exit2: 372.4
Exit3: 371
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2x change at the unwanted direction. Although, I must say that the stoplosses are very individual and you need to decide it for yourself depending on how much you cope with "pain and pleasure" in trading.
- I would not recommend a high leverage trading.
- SCALPING IS A HIGHLY VOLATILE/DYNAMIC GAME, because of that please follow my updates, that I try to publish when necessary.
I will:
Scalp ( ETH, short)
Enter 376-377
Exit1: 374
Exit2: 372.4
Exit3: 371
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2x change at the unwanted direction. Although, I must say that the stoplosses are very individual and you need to decide it for yourself depending on how much you cope with "pain and pleasure" in trading.
- I would not recommend a high leverage trading.
- SCALPING IS A HIGHLY VOLATILE/DYNAMIC GAME, because of that please follow my updates, that I try to publish when necessary.
Order cancelled:
As expected, it went downwards but before touching the entrance level, I will update if the trade is still active, till then it is cancelled.
