Ether PREMIUM 5X SHORT Updated—192% Potential

8 Nov

Good evening my dear friend, reader and follower,

In a previous publication for ETHUSDT I made the mistake of making the first target too long, it was too far away from the entry price. While any advanced trader can ignore this and secure profits once in the green, it was still a mistake.

Here I would like to correct this by publishing an update on the ETHUSDT (Ether) SHORT with a better set of targets (support levels) and an improved entry price; market conditions stay the same.

➖ Technical analysis

We have a major correction developing out of the March high, and the August crash led to a bearish flag.

ETHUSDT tested MA200 as resistance, so far it holds. The whole dynamic is bearish and we expect lower prices in the ensuing days.

If you notice the advance from October 2023 through March 2024, you can see small candles, slow and steady growth. If you notice the last three days, you can see very strong big candles, a market reaction, inverted correction, not a new impulse; down we go next.

Full trade-numbers below:

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SHORT ETHUSDT

Leverage: 5X

Entry levels:

1) $3,250
2) $2,800

Targets:

1) $2,755
2) $2,635
3) $2,530
4) $2,435
5) $2,295
6) $2,150
7) $1,955
8) $1,795

Stop-loss:
Close weekly above $3,333

Potential profits: 192%

Capital allocation: 3%
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Remember to do your own research and planning. I am not responsible for your actions, we are all adults.

This information is shared for learning and/or entertainment purposes, should not be construed as financial advice.

Thanks a lot for your continued support.

Namaste.

8 Nov

Nota

MA200 is now being challenged as resistance daily, if it breaks, this isn't going to workout.
This is not an inverted correction, it is a bullish breakout.

8 Nov

Nota

MA200 daily holds as resistance. All is good.

9 Nov

Dagangan aktif

Current price: $3,012.
Good luck!

11 Nov

Dagangan ditutup secara manual

All retraces and corrections are an opportunity to buy. The only reason to short is because of the assumption that the corrective phase was not over. Now that the correction is confirmed over, the market is bullish, when the market is bullish, all positions that are taken must be LONG. Retraces and corrections are opportunities to buy-in, rebuy and reload.

Here is Ethereum on the weekly timeframe:

The bears lost. The correction is over. The bottom is in. 2024 is over. We are in the bull-market of 2025.
Take the loss and move on.

We are bullish on Cryptocurrency now and forever.

Thanks a lot for your amazing support.
It is my pleasure to write you for you.

Namaste.

11 Nov

Nota

A weekly close below MA200 would mean bearish, bearish continuation and lower; more low.

A major bullish breakout above MA200 means the bears lost. It is over. We are going up! The proof is in the chart above.

Thank you again.