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Shotokhan
Sep 30, 2022 10:17 PM

short opportunity on ETH Short

Ethereum / TetherUSBinance

Description

Well there isn't much to say to be honest, ETH is about to go down and even the chart itself looks very bearish without drawing any trendline. I checked with VLPR and price is currently below POC so if it closes like this I think it's very bearish.

P.S.
if you draw trendline this is like a triangle which in this case is a correction in a bearish trend

Good luck

Comment

UPDATE: so far so good

Comment

Guys since ETH it's bouncing I wouldn't take risk and close the short if you haven't already, you should be in profit anyway

Trade closed manually

In alternative I'd derisk lowering SL in profit or buying back half of the position... whathever suits better your trading style. At lower timeframes it can still reach my target but I suggest not taking too many risks
Comments
JoeChampion
Makes sense, i have similar overview on my recent ETHEREUM chart, thank you for confirming my bias!
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