BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Using trendline strategy w/ 1:1 TP/SL ratio ETHUSD has a SHORT set up w/ TP around $130. The initial break occurred on Aug. 14 w/ strong close below and confirmation w/ this weeks run to $204 which allowed for a better entry. Looking for a target date around Aug. 30 but may take up to Sept. 20. Should not take more than 30days. As always NEVER enter a trade at once or exit a trade a once. Key areas for potential bounces $172-$158-$147.


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