BYBIT:ETHUSDT.P 1H time frame - After breaking out downtrend on 1 Day time frame . ETH is forming an ascending channel on 1H . With this bearish pattern, we can set two different trading strategies as below. - 1. Entry: if getting resistance form upper trend again(~1605) TP: 1525 or reach lower uptrend SL: previous high(~1615)
2. Entry: BO the AC(~1540) TP: 1400, 1350 SL: if go back to the AC(~1560) - Notice: All price are set from the predicted trend, can set it more accurate based on the actual trend/pattern after opening short