Crypto_Terminal_Steve
Long

ETH/USD LONG, Potential 18.5% Upside (Swing Trade)

BITMEX:ETHUSD   Ethereum / U.S. Dollar
BITMEX:ETHUSD is currently sitting just on top of the range high and has yet to close below on the 12-Hour timeframe. I expect a bit more downside before another move up.

Looking to long the area from $222-$229 with a fairly tight stop around $220 where this trade setup would be invalidated.

Take-Profit target is at a former support level , where we could see it flip to resistance.

If I am not presented with an opportunity to enter a Long position, I will be looking to potentially short the former support level and will post that setup later on.
Comment: Cutting this position for a small loss, Bitcoin has broken through a key support level and the possibility for more downside is quite high.
Trade closed manually
Look for a double bottom...before we shoot up to the moon
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