ETH Long, Bottom of Channel, CCI Cross, TSI Divergence

21 Nov 2022

ETH ETH Has been getting hammered recently with "FTX Wallet Drainer" dumping his ETH, in my opinion now is a good time to enter a small position
based on the following factors:

- ETH has touched the bottom of a descending wedge (bullish) I built my position at the point where the arrow is pointing
- CCI has crossed the -100 mark, signaling it is coming out of the oversold range
- TSI is curving back towards a bullish crossing
- Bullish Volume

Recommended Trade entry/exits

Entry: 1130-1135
Stop Loss: below 1100
Take Profit 1: 1150
Take Profit 2: 1174
Take Profit 3: 1200
Take Profit 4: If it reaches above TP3 I am going to move my stop loss to TP2 and let it ride out

Thank you for taking time out of your day to check out my idea. Happy trading!

21 Nov 2022

Catatan

Got stopped out, sorry if you followed. Guess the FTX Accounts Drainer has some unforseen plans :(