CryptoEstratega

SHORTING ETH: Triangle Breakdown

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
ETHUSDT seems to have broken below the triangle against the 3K resistance.
We might drop to the lower part of the range and hit the 2.2K support or even the 2K.

I'm opening a short at 2.395 with a STOP LOSS at 2520.
Also I'm using a trailing stop based on 2 ATR from the 1HR chart ($70) that is a 3% trailing stop.

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.