ETH has touched its local resistance of 1k3 and now declining.
In theory, it could break out and turn this resistance into new support (hopefully). But the most rational decision here is Short Selling.
I'm a simple man, buy at support and sell at resistance. I'm Shorting ETH now. In case of a confirmed break out of the 1k3 resistance, I will close my Short position and go Long.
Entry: now 1280 (or wait for a better entry at 13xx)
SL: 1380
Tp: 1100 (or 800 if you got diamond hands)
In theory, it could break out and turn this resistance into new support (hopefully). But the most rational decision here is Short Selling.
I'm a simple man, buy at support and sell at resistance. I'm Shorting ETH now. In case of a confirmed break out of the 1k3 resistance, I will close my Short position and go Long.
Entry: now 1280 (or wait for a better entry at 13xx)
SL: 1380
Tp: 1100 (or 800 if you got diamond hands)
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