I've been short since around 4.20 and im looking to close my short at the .5 and .618 retracement. This area also has confluence with earlier demand zones, fib extensions and trendline support + psychological (3$). I think it is possible that the dip is already over, however the best buying area remains .5 or .618. So if we bounce out of the downtrend i might have to take a small loss.
Most of my short i will close at .5 and around the .618 i will definately reverse my position.
Fundamentally, i think ETP is just another coin with some regular practical application that doesnt stand out enormously but somehow people are mentioning it way more often, and the team is showing more activity on social network. This makes me think we won't reach .618, and fomo to new highs, but my strategy remains as it is.
what are your thoughts? let me know in comment section.
Most of my short i will close at .5 and around the .618 i will definately reverse my position.
Fundamentally, i think ETP is just another coin with some regular practical application that doesnt stand out enormously but somehow people are mentioning it way more often, and the team is showing more activity on social network. This makes me think we won't reach .618, and fomo to new highs, but my strategy remains as it is.
what are your thoughts? let me know in comment section.
Comment:
clean break to the upside
Trade active:
Comment:
not a happy ending. A lot of sell pressure. closed with 4% loss