Ether PREMIUM 5X SHORT Updated—192% Potential
2024-11-08

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:

____
 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.