ETH/USDT 6h (Binance Futures) Broken ascending channel retest

As I was saying, it seems like we will see more downtrend for #Ethereum short/mid-term.

Current Price= 379.32
Buy Entry= 376.77 - 383.11
Take Profit= 363.12 | 350.57 | 333.31
Stop Loss= 393.34

Risk/Reward= 1:1.25 | 1:2.18 | 1:3.47
Expected Profit= +13.26% | +23.16% | +36.81%
Possible Loss= -10.62%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 360h

ความคิดเห็น:

All entries filled

I think it could still go up to midline of the descending channel (~385$) but I really feel safer with a short right now.
In any case, I may update SL up to 396.70$ if necessary, making RR= 1:1 for TP1, but I'll stick to original one so far.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:

Stopped with -13.26% (3x)

Seems like it was a fake-out to the downside after all, a bit sad that I switch bias on the only ALT that went up, but I guess that's part of the "game"... 😔
Price went up to upper-line of small descending channel, let's wait for a clear breakout and retest before entering long, we don't want to FOMO on top!