After Riding ETH up from $370 from a month ago and hitting all our targets, last one being $702, we re-entered on a 1hr chart at $600 last week, and hit Targets at $665 & $700. Now we are looking at a short opportunity, when price arrives to a strong resistance zone between $885 and $1035. The entry depends on the close of the "trigger" candle as it enters the zone; either a #2 entry between $885 (78% retracement), and $950 (88% retracement), or a #3 (confirmation) entry on the way back down, if the trigger candle closes beyond the 88% retracement but still respects the pivot at $1030.
Stop will be at $1035, Targets to be determined based on how deep into the level price goes. Trade is only valid if the level is respected. Note that there's no #1 entry on this setup
Happy Trading
Stop will be at $1035, Targets to be determined based on how deep into the level price goes. Trade is only valid if the level is respected. Note that there's no #1 entry on this setup
Happy Trading
