Chloster

ETH/USD Setup

Short
Chloster Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Is this the beginning of the dip or shaking out weak hands heading into the weekly close? If it is a new short term correction the plan is to wait for 446 to be broken with the weekly closing below it. Short the first touch of 446 on the new weekly candle. Stop-loss place around 455 with a first target of 420. Risk/Reward around the 2.2 mark.
Order cancelled:
Weekly closed at 448, trading plan wasn't validated

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.