ETH LOOKS EXHAUSTED

TRADE:: ETH_3
STATUS:: RUNNiNG

TYPE:: SHORT
SIGNAL:: EXHAUSTION (MFI,OBV)
FILTER:: PRiCE ACTION

VOLUME:: $1200
ENTRY:: 372,13
TP:: 6,5%
SL:: 15%

PROS::

1. PRiCE REJECTED AT CONFiRMED RS LEVEL
2. DOWNSIDE STAIR STEP PRiCE ACTiON
3. OBV HEADS DOWN, 1H MFI < 50
4. ICHI TURNED RED AT 1H


CONS::

1. MiGHT BE A CONSOLIDATION BEFORE BREAKiNG UP HiGHER
2. TAKE A LOOK AT 350 LEVEL, WE MiGHT BOUNCE FROM iT (DAILY iCHI SUPPORT, TRENDLINE SUPPORT)

OVERALL:: NiCE SETUP iF WE ARE iN A RANGE AND 350 WON'T HOLD

Comment:

MOVED MY SL TO 381