Looing at ETHEREUM on 4H timeframe
We looking for a possible SELL/SHORT position
We looking for a possible downward at this distribution phase
New Lows Loading
Our Target is around $700
Based on technical factors there is a short position in :
📊 ETHUSDT Ethereum
🔴 Short Now 1526.10
🧯 Stop loss 1650.00
🏹 Target 1 1350.00
🏹 Target 2 1200.00
🏹 Target 3 950.00
💸Capital : 1%
We hope it is profitable for you ❤️
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Eth usd has started the 5th wave so expecting a bearish move
It is also travelling inside a bearish channel..... Take bullish position ONLY after breaking out the channel
This is what I am going to do in this instance.
When we hit the .618 retracement price of $1778 I will sell.
When price goes down to the $1175 I will re-buy.
This is a measured move using the length of Wave (A).
See related idea linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell: 235,00
Stop-Loss: 243,40
Target 1: 227,50
Target 2: 222,95
Target 3: 215,75
Risk-Reward: 2,31
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
