$ETH$ - Bearish

Today’s Update:

Target reached in 5hrs but TP failed to trigger, so I manually sold. Final profit: 3.82%.

Yesterday’s Analysis:

Spotted a large leg-down on the 1hr timeframe that broke the EMA channel. I am expecting the retracement to reach the 61.8% Fibonacci level which is where I am entering, and the next down will break both previous support zones.

The Super-Short-Term Play: 1-3 Days
3.46-to-1 PL Ratio.
Entry: 1638.0; Target: 1561.5 [8.04%]; SL: 1660.1 [1.79%].

Please do your own research and risk no more than what you can afford.

I never risk more than 5% of funds on each trade and am a perpetual futures trader.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned. #DYOR