ETH SHORT 7/6/2023

ETH now at P.channel RESISTANCE, short with small margin (50% of your normal position or less)

ENTRY: 1893 (MARKET)
SL : Above P.channel resistance +1.5-2.5%
TP 1: Trendline support (if hit direct move sl to breakeven) close 30-50%
Tp 2: P.channel support

*don't use too big margin, yesterday dump due to BINANCE news, who knows what would happen in future. Calculate your risk~

Comment:

TP 1: HIT
SL MOVE TO BREAKEVEN

Comment:

TP all short order, try long with small margin 10 -20 % of your normal position

Trade closed: target reached

Comment:

My long Sl around 1600, I open very small margin (10% of my normal position only),
*If normally you use 1% of your wallet (ex: 1k) which is 10u, now only use 10% of 10Usdt which is 1u
If hit cl dont enter again wait for 2-3 days see this support can hold or not.
Have a nice day~

Comment:

We have long at bottom with small margin. Now can slowly add up your margin when price pull back to Blue trendline at bottom 1666 +-. Cut Loss below trendline

For short, You can aim 1790 - 1800, Price retest trendline, CL above trendline. This trade is for short term only, aim 2-3% pull back can tp alr. (200-300% with 100x leverage cross)
*Make sure your Risk reward ratio more than 1:1 bfr enter trade.