ETH forms an inside bar at at key area. RSI is oversold. And seeing the amount of short interest piling up, I think there is a possible reversal playing out. As @MarcPMarkets teaches, herd often sells on the bottom. My plan is to enter a smaller than usual size position upon breaking up of the inside bar. First target is $450 where I will close half of my position and move stop loss to break even.
There is a potential for short trade as well, I would only consider that trade upon breakdown and retest of the support zone.
Which side of the market are you taking?
Dan
There is a potential for short trade as well, I would only consider that trade upon breakdown and retest of the support zone.
Which side of the market are you taking?
Dan
Dan
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)
PS: this is not a financial advice. simply blog of my ideas I would like a feedback from more experienced traders, and to see how I perform over time)