Ethereum (ETHUSDT) Potential Short Scalp Entry Soon!
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There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Comment:
Looks like price broke down before reaching the entry zone.
