Shared some weeks ago my swing ETH short from 3460 to 1460$, 2k$ dollar move cached perfectly, and crurrently looking to take the next leg down, to at least 750$ area, but looking to take profit all the way down in those 3 TP..
1420$ area is the optimal place imo, I want to see a fast flush to that area followed by a rejection, with the stop around 1600$.
I dont wan't to see acceptance above 1420, if price starts clearly closing and consolidating above that area, we would be entering in the range above with the highs around 1800$, so I would probably close the short before my SL is taken.
The SL is positioned just to prevent any wick, if we are gonna move down from 1420$, I don't expect the price to reach that area, so I should be safe, but once we break bown I will move the SL to the highs of the move, wherever it is.
Good luck.
1420$ area is the optimal place imo, I want to see a fast flush to that area followed by a rejection, with the stop around 1600$.
I dont wan't to see acceptance above 1420, if price starts clearly closing and consolidating above that area, we would be entering in the range above with the highs around 1800$, so I would probably close the short before my SL is taken.
The SL is positioned just to prevent any wick, if we are gonna move down from 1420$, I don't expect the price to reach that area, so I should be safe, but once we break bown I will move the SL to the highs of the move, wherever it is.
Good luck.
Order cancelled:
NOT TAKING THIS, I was expecting a diferent aproach to the area of interest, not this slow grind. Staying out will longing bitcoin.
