This is an ETH Short Trade Watch. Price has formed a buyer exhausting candle stick pattern while seeking a daily lower high vs $223. Price is currently holding near the 12 EMA on the daily. I expect a daily lower high to form at or below the daily 200 EMA resistance around $202. Scout a bearishly divergent high on the 4 hour with declining volume. I will scale into a short on the bearishly divergent bounce towards the daily 200 EMA with a wide 6% stop and a target near the 4 hour pivot candle close around $160.
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