ETHUSD 12hr forming a Bearish Ascending Triangle during a down trend. This is most often a continuation pattern of the larger trend.
W/ a confirmed break to the downside it provides a great swing trade opportunity. While the entire crypto market is due for a bounce, volume and sentiment remains low and fearful.
Never trade w/ out a stop loss on a swing trade or your short term position maybe become a HODL.
W/ a confirmed break to the downside it provides a great swing trade opportunity. While the entire crypto market is due for a bounce, volume and sentiment remains low and fearful.
Never trade w/ out a stop loss on a swing trade or your short term position maybe become a HODL.
Comment:
Trade entry triggered at $1,150 and currently about 3% into the zone. For myself, my personal risk tolerance allows me to enter before the candle closes or to jump down to the 4hr when looking at a time frame like that 12hr. However, it's always best practice to wait for a confirmation (candle close) if you wish to have less risk.