➡️ Ethereum is trading at $4123. Cryptocurrency quotes are traded, so far, mostly in a bullish mood. Moving in a downtrend channel in the trade balance, the price "hints" at a possible correction for the instrument.
It is expected that the ETHUSD price would maintain its presence in the specified trade balance and will tend to its lower border. An excellent entry point to a short position is the resistance line of the descending channel, just in the same area (~ $4251.53 level) the price would push off from the broken down support line.
🔔Proposed deal for this tool🔔: 🔴Entry Point - 4251.53 ⛔️Stop Loss - 4366.56 ✅Take Profit - 3915.83
@TStolpe29, For me SL is not a problem, especially when we talk about crypto. We always have the opportunity to re-enter in case of availability of the required set-up on the market. In this situation, the short is not canceled, because if the price remains in the balance, it would go to its lower border.
TStolpe29
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@Viktor_Vladzimirovich, its doing the complete opposite what u put. Did u re-enter?
TradePlus-Fx
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@TStolpe29, what do you mean when say that "its doing the complete opposite what u put" ? in the fact that I allow a re-enter in some situations after a knocked out Stop Loss? No, I have not entered again by this tool.
TStolpe29
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@Viktor_Vladzimirovich, The opposite as in the opposite direction
TradePlus-Fx
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@TStolpe29, I've got you. No, I rolled over as a result, now I am considering only BUY by crypto (for selected cryptocurrencies)
Trading 🙏👍