#ETHUSD
SHORT / 5x
Risk - HIGH
Entry: 142.1 and above
Targets: up to 137.1
RR of 3 - gain 17.8% or lose 5.7% of your investment
Rationale for the trade: 142.1 is a support/resistance flip line, so if ETHUSD does not maintain this line, I suspect it will test the bottom channel.
SHORT / 5x
Risk - HIGH
Entry: 142.1 and above
Targets: up to 137.1
RR of 3 - gain 17.8% or lose 5.7% of your investment
Rationale for the trade: 142.1 is a support/resistance flip line, so if ETHUSD does not maintain this line, I suspect it will test the bottom channel.
Comment:
And now it has moved downwards though I don't think we are out of the woods yet, let's move our trailing stop to 141.75.
If 141.5 support holds, we are likely to see a bounce and close our position in profit.
Otherwise, we have more profits in store for us!
If 141.5 support holds, we are likely to see a bounce and close our position in profit.
Otherwise, we have more profits in store for us!
I couldn't edit and make the chart more clear with stop loss included.
But here it is anyway and the SL is 143.75 if you didn't notice on the label value on the right.