ETHUSDT.P Bearish Idea
2024-12-17
Category: None

Last trade recap- Was a loser but that's ok I learned where price really wanted to go and why.

I spent some time on the basic stuff and realized I was trading against the trend, so those past two trades were on me and I thought I was going to see a reversal but did not.

Todays Trade- For Eth we see that price has swept all those highs and that's what i was hoping for to get a better confirmation of a reversal to the downside. On the daily we see both of the highs swept creating a liquidity sweep. On the 1 hour, I entered because we seen a break of structure to the downside. The only thing I think I could of done better was to wait for a confirmation on the 4hr for a Break of Structure, But I wouldn't of took this trade if I wasn't confident. Also a fvg Looks like its being created so that could bring a pullback to the upside so I have my stop above that.  I put my TP very low, But I have partial positions that are way higher so If one of those get hit, Then I can set stop to breakeven and get a freeride trade.  This is my thoughts, I'd like to hear yours.