ETHUSD H2: PT BEARS is 1400 USD SHORT THE BOUNCE(SL/TP)(NEW)

ETHUSD H2: PT BEARS is 1400 USD SHORT THE BOUNCE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern.

🔸 Summary and potential trade setup
::: ETHUSD 2hour chart review/outlook
::: ETHUSD met heavy resistance at 2 000 USD
::: bullish TL broke down today
::: current low near 1500 is FAKE LOW
::: expecting a W-shaped bounce from here
::: BULLS may buy near 1600/1620 USD
::: TP bulls is 1950 USD max on BOUNCE
::: BEARS get ready to SHORT HIGH
::: after the bounce is completed near 1950 USD
::: SL recent cycle highs TP is 1450//1500 USD
::: lower risk strat: wait for re-test of RED TL
::: and then reshort into BOUNCE /
::: reshort into re-test of the pattern
::: it's anniversary of a 50%+ DUMP SOON as WELL (2020)
::: ETHUSD sold off 50%+ 15th FEB - 15th MAR 2020
::: so recommend to be extra careful next few
::: weeks as price is very unstable near ATH
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/800USD
::: Sentiment outlook short-term: BEARS

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