Position = ETH
Entry = 1455
Stop Loss = 1537
Final Target = 1037
Risk/Reward = 5/1
Leverage = 5x
Profit Potential = +143%
Traders,
I am trying to remain confident, but this market is difficult to trade for the most experienced traders. Nevertheless, I have to continue to trade the patterns that I see, even though, it sometimes seems I would be better off flipping a coin down here.
I have pulled my longs out of YFI due to so much uncertainty and tomorrow’s quad witching, and I was stopped out of EOS and CULT. Now it’s time to go short.
Above you can see an inverse Cup and Handle pattern I spotted on Ethereum a few days ago. Although, many state the market makers are manipulating prices and patterns aren’t working, I am going to give this one a try. The conspiracy theorist might be right and that is why I have put in a fairly tight stop here.
Stew
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