| ETHUSDT | Short term counter trend move

١٩ ديسمبر ٢٠٢٤

This setup presents itself with a higher timeframe bearish framework on a higher timeframe bullish trend. So I would like to see the price reach the range equilibrium to liquidate sell stops from long holders' trailing stops.

٢٠ ديسمبر ٢٠٢٤

تم فتح الصفقة

Target 1 reached. Lets see what weekend price action delivers.

٣ يناير

ملاحظة

During the holidays, price has been held in a consolidation. I expect a "stop hunt" above 3553.63 high, ideally into the 3718.47 level in equilibrium. Then a sell-off to the second target.
I dont like to see a close above 3900.

٧ يناير

أغلقت الصفقة: تم الوصول للهدف

As I anticipated last week, the price is doing a "stop hunt" at the 3718.47 level in equilibrium. Then a sell-off.
I would like to see the open of 3653.71 respected.
Depending on today's close, I will update the invalidation price of the idea.

٧ يناير

ملاحظة

I made a mistake with the status update and "closed the trade" instead of adding a note. The idea is still valid.

١٦ يناير

ملاحظة

Target 2 Reached.