eth/usd short idea Short

BITSTAMP:ETHUSD60

Ethereum / U.S. dollarBitstamp

Description

⋅ Dec 29, 2020 12:33 PM

stop is 1 hr close

Comment

⋅ Dec 29, 2020 4:54 PM

still rejections on lower timeframes:

Trade closed manually

⋅ Dec 29, 2020 5:30 PM

I cut this trade to lock my profits here. Price struggles to go down further, and I'll look for the next trade rather than risking my profit.

Trend Analysis

Comments

muayhn

⋅ Dec 30, 2020 2:01 PM

maybe long idea right now?

priceactionTR1

⋅ Dec 30, 2020 2:09 PM

@muayhn, if I spot a reasonable entry, I'll definitely share a new idea, thanks

ZenitCrypto

⋅ Dec 30, 2020 1:34 AM

We're in a bullish pennant. I don't think I'd short right now. You could be right though. Especially if BTC gets a hard rejection soon.

priceactionTR1

⋅ Dec 30, 2020 2:08 PM

@ajmartinez9397, thanks for your comment. But the trade was already closed

S4G

⋅ Dec 29, 2020 12:39 PM

It is an uptrend in HTF. Why short?

priceactionTR1

⋅ Dec 29, 2020 12:59 PM

@S4G, actually, this is a risk preference. I agree that its riskier to counter trade HTF, but I believe that 1hr market structure is broken and retest to that level worth a try.

S4G

⋅ Dec 29, 2020 1:25 PM

@priceactionTR1, Okay, I get it. Thank you very much for your attention