ETH/USDT 12H (Binance Fut.) Double rising wedge about to end
Ethereum is at critical resistance here and I can see some bearish pattern forming.
There is still some place to grow up a little bit before dump that's why I'm using low leverage and large entry range.
Sell Entry= 193.62 - 200.00
Take Profit= 181.11 | 169.33 | 150.28
Stop Loss= 212.51
Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 23.94% | 41.88% | 70.92%
Possible Loss= -23.94%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
There is still some place to grow up a little bit before dump that's why I'm using low leverage and large entry range.
Sell Entry= 193.62 - 200.00
Take Profit= 181.11 | 169.33 | 150.28
Stop Loss= 212.51
Risk/Reward= 1:1 | 1:1.75 | 1:2.96
Expected Profit= 23.94% | 41.88% | 70.92%
Possible Loss= -23.94%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Trade active:
2/3 entries filled.
Comment:
All entries filled now, broke the small wedge but still inside the bigger one. I had to redrew it a bit because one candle spike was out, still looking bearish to me, I'm holding Short position 🤞🏼
Comment:
Almost got stopped, I updated the stop to 217.67 making a R/R at 1:0.75 for first target.
ETH/BTC also went down, if keeps falling this would help, but that's now a riskier trade!
ETH/BTC also went down, if keeps falling this would help, but that's now a riskier trade!
Trade closed: stop reached:
Btc didn't let it fall, better luck next time.
