ETHUSDT long

quick trade based on 15 min chart
ETHUSD has already fallen out of ascending channel. Now forming new lower parallel channel.

Comment:

Overall context is bearish . Beware of retractment at top of wedge around 720.
This would be a good first target

Trade closed manually:

closed at 688 manually after the large and rapid retracement
Profit 688- 676= 12 /676
1.7 percent in 11 hours

Comment:

we can reenter if the lower slope holds for 4 hours