rakhascapital

Don't forecast the future, use patterns

Short
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
After a huge down trend, ETHUSDT is accumulating for 25 days in a channel. As we know, trading in channel is quite simple: sell from the top, buy from the bottom. And don't think about future of the pair, unless you see the signlas shows that the pair is going to break borders. (the blue arrow and the red one). To make Breakthrough scenarios active, local correction of the pair should not exceed 20% of the channel range. On H1 you can see a flag formation, which gives additional scores for further down movement. Mean while, we use short strategies with short SL.
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