ETH inside a Triangle

5 Okt 2022

ETH is just under DO and the neckline resistance of the upper side of the containing box 1314-1414, it is trying hard to break up but has been rejected twice already at 1360, this time a simmetric triangle is showing up after getting out from a wedge, this triangle could break up or down as well , I would open a small position on the break and retest as confirmation up or down around 1355 tha t is Pivot Point or 1362 that is DO an neckline , a lot of attention need to be paid on the confirmation as a fake break could occour easily at this time ; RSI on 15 M is overbought, 30 has still a lot space to move up , 1 H is coming out form oversold area while 4 H is in overbought area, this is telling me that a breakout up could occour , but the other side as well while 15M is overbought, so mix signal from RSI , BTC is in the same situation; I just would wait how the triangle will resolved and enter on a break supported by a confirmation and RSI unless i will just wait for a spot to enter

I TRADE HIGH LEVERAGE 5 TO 50 X NOT 1 : 1

IF I OPEN THE TRADE I WILL ADD A COMMENT TO THE IDEA

MY TRADING RESULTS
# 23 TRADE PROFIT IN THE ROW
86% WIN IN SEPTEMBER
37 WIN, 3 BE, 3 LOST
CHECK ON MY TRADINGVIEW ACCOUNT

5 Okt 2022

Dagangan aktif

small 25% position open short

5 Okt 2022

Dagangan ditutup secara manual

Trade closed with 5 US Dollar profit 1349-1344 , at this level there is a support line i will resale a bounce up to resistance; 24th trade profit on the row