ETHUSD : No trade zone
This is a post to keep our Greed in check.
IN my previous ETHUSD post I expected a small wave up to $235 before the drop. However I have closed my long positions that I entered at various levels when ETH crashed below 100$.
Not a financial advice but it looks too risky to hold ETHUSD or ETHBTC specially with leveraged positions at this point.
Both ETH pairs look weak to me this weak. It’s important to protect capital and So I am going all cash now until ETH decides to break out of channel and closes above 220$ in which I would be a bull. Or else a good buying opportunity should turn up if ETH breaks below the channel (higher probability imo)
~ Cheers people.
Stay safe homies.
Note: I never sell my long term positions on both ETH, BTC which I intend to hold at least until 2022-2023.
IN my previous ETHUSD post I expected a small wave up to $235 before the drop. However I have closed my long positions that I entered at various levels when ETH crashed below 100$.
Not a financial advice but it looks too risky to hold ETHUSD or ETHBTC specially with leveraged positions at this point.
Both ETH pairs look weak to me this weak. It’s important to protect capital and So I am going all cash now until ETH decides to break out of channel and closes above 220$ in which I would be a bull. Or else a good buying opportunity should turn up if ETH breaks below the channel (higher probability imo)
~ Cheers people.
Stay safe homies.
Note: I never sell my long term positions on both ETH, BTC which I intend to hold at least until 2022-2023.
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