If weekly closes under 21 MA and trendline, its not looking good for ethereum short term
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Just houres before the candle closes, eth got a bump in price and the weekly closes just above the trendline. At this point im neutral and not taking any positions just yet. Lets see how the next candle plays out.
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Second weekly close under trendline not looking good for Ethereum. My strategy is to short Eth at around 200$ with a 5% stop loss.
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I did put a short on Eth at 191$ with a stop loss at 201$. First target 167$ already hit, 50% of position still in and looking for next target 148$. Stop loss lowered to 176$.