ETH price right now at the very important big resistance at 3050 - 3200 area. if the price resists going up from here. short term wise will go back down to expecting at 2920 area. which is near to fibo 50% of the last uptrend.
Reason to short :
- Resistance area.
- another Supporting is 6H MACD is forming a divergence.
- Good RR Ratio, SL set above 3250, TP at 2920. RR ratio will be 1 for 2.13.
This trade will put lower size , due to against the current uptrend.
if the price break above 3250. then this trade idea is invalid.
Practicing my own analysis, and my own trading journal. Trade at your own risk.
Reason to short :
- Resistance area.
- another Supporting is 6H MACD is forming a divergence.
- Good RR Ratio, SL set above 3250, TP at 2920. RR ratio will be 1 for 2.13.
This trade will put lower size , due to against the current uptrend.
if the price break above 3250. then this trade idea is invalid.
Practicing my own analysis, and my own trading journal. Trade at your own risk.