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
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!
Trade closed: stop reached: Btc didn't let it fall, better luck next time.


good idea bro
i would wait last move in 206-211 area and there looking for short, right now i have local long
Zblaba trytofeelpositive
@trytofeelpositive, that's a nice set-up, I hope it will reverse before my stop! Good luck ;)
+1 Reply
@Zblaba, thanks, i would move a little bit ur stop above (~215) gl u2
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out