Bad news for ETH if it breaks down from this 12 hr triangle?
Strong support shuld come at 300 however 265 is not out of the question
Trade closed: target reached:
Bitmex hit 344 and my position was closed, 1/3 of my position was closed at 371.5 when the first level of my profit protection stops was triggered prior to the price falling to a low of 344.
This one surprises me a little, while I haven't been bullish on the ETH USD or BTC pairs for a while, others seemed to be getting very confident in ETH. I had almsot been convinced. I think it should be a quick and solid bounce when from ETH when the market rallies next. Will be taking off the short at 344 and going long.