ETH heading for double bottom (likely overshoot)

Small bull trap in play, we are about to reverse and retrace this up move! Wait for confirmation on 4h close. Save entry beneath recent 4h candle.
Not financial advice, trade on your own risk.

Comment:

Possible bearish divergence on 1h. Best entry trigger: Below previous 4h candle, move your entry point up if recent 4h closes higher than previous one, move entry until triggered in by downmove.

Not financial advice

Trade active:

Trade entry: 3117

Trademanagement:
If neckline breaks target 1 in play. Watch for retest of neckline, if failed, take 50% profit and move stop los to entry point.

If Neckline holds and target 1 met, take 25% move SL just above neckline 3104

Possible lowertime frame revearsal and H&S is possible alternative play. Watch lower timeframe for confirmation.

No financial advice. Trade on your own risk

Trade closed: target reached:

Target met took 25% in profit of position. Move stop loss to 3104

Trade closed manually:

another 25% in position closed, we are out 50% of our trade, leave SL in place.

If price is breaking low, we look to take profits around 2600 and lower

Comment:

Expecting revearsal as RSI comming to the apex. Set SL above previous candle close, and follow down, either 25% or close out.

Trade closed: target reached:

25% were taken out of the market on the small reversal, still upside in play.

Moving SL to 3061 making this a winning trade.

If trend resumes we take profit, if we hit neckline and go down I expect a higher low and close position.
Follow me for long setup

Trade closed: stop reached:

We were stopped out and closed with a win. Congratulation everybody. Follow for the next trade!
The ones who are still in. Look to exit in the next few hours and set up your long trades.