I'm liking some of these ETH beta charts that recently started breaking out.
Would be interested in longing a retest of the breakout zone:
- either just buy the retest with stops at the lows
- or wait for a local range to form and find an entry with a much tighter stop
Best part about these alts is that they have been most down and in slow bleed, which made them prime candidates for shorts or hedges.
People will naturally get back into these short/hedge positions when looking for downside or protection, so if ETH can give us another leg up, these might squeeze to their targets pretty quickly.
Would be interested in longing a retest of the breakout zone:
- either just buy the retest with stops at the lows
- or wait for a local range to form and find an entry with a much tighter stop
Best part about these alts is that they have been most down and in slow bleed, which made them prime candidates for shorts or hedges.
People will naturally get back into these short/hedge positions when looking for downside or protection, so if ETH can give us another leg up, these might squeeze to their targets pretty quickly.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
Content in partnership with:
twitter.com/mooncakexbt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
Content in partnership with:
twitter.com/mooncakexbt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.