FourthGrind

ETHUSD Short Position IDEA

Short
BITFINEX:ETHUSD   Ethereum
ETHUSD rejections off 175. We may see further downside movement back to 164. As described in the highlighted green area where the TAKE PROFIT positions are. 4 hour candle may give us more confirmation before placing market execution orders or sell limits. Obviously, after a cross over of 177, I believe we will see more upside movement to 187 price. Thats why its better to confirm the Short position before market execution. Trade responsibly.
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