ETH to drop hard?

17 Nov 2022

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Ethereum broke down this triangle📐 and I think there is chance for run to 973 and even lower. Setting SELL LIMIT order to previous range low @ 1233 to catch🎣 the pullback. The low @ 1172 is going to be critical, bulls do need to defend this level if they want to spoil the bears' party.

• ENTRY: 1233
  
• STOPLOSS (SL): 1292
  
• TARGET (TP): height of the triangle projected from midpoint of the previous range (pink line in the middle) @ 973
  
• REWARD RISK RATIO (RRR): 4.4
  
• INVALIDATION: when STOPLOSS level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

18 Nov 2022

Trade aktif

SELL LIMIT Order filled ✔️ Check the precision

21 Nov 2022

Catatan

Trade going well. The grey uptrendline and key support taken out. I think we could go back up to backtest the key support, which should now act resistance in fact. Range low would be last hurdle on the way to target.

1 Des 2022

Trading ditutup: stop tercapai

Stoploss hit 🛑
ETH didn't make it to the target, actually it broke all the downtrendlines and reached the invalidation point.