I am currently looking at a short-term trade for ETH as it has recently pushed above it’s local range and failed to hold the breakout. Price is now retesting the range high which is the ideal entry for this short. I am looking for price to continue to the lower range level shown by the purple line which will be the primary take profit level. If price continues to push lower, I would be looking to take the remainder of the profits around $3850.
Extra precaution: This is a US bank holiday so price action can behave a bit more volatile/sporadic and many traders choose to not trade on these holidays.
I am currently looking at a short-term trade for ETH as it has recently pushed above it’s local range and failed to hold the breakout. Price is now retesting the range high which is the ideal entry for this short. I am looking for price to continue to the lower range level shown by the purple line which will be the primary take profit level. If price continues to push lower, I would be looking to take the remainder of the profits around $3850.
Extra precaution: This is a US bank holiday so price action can behave a bit more volatile/sporadic and many traders choose to not trade on these holidays.