Ethereum Might Be Pushed by the Bears to the 977.46 Level 🔨🔨🔨

💡 Trade Idea

📉 Sell Limit ETH/USDT @ 1255.63

🎯 Target Profit 977.46

🛑 Stop Loss 1341.03

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price was moving upward by being traded inside a bullish channel. It reached a daily resistance @ 1256.32 and posted a double top which signals a potential reversal. The price managed to break the channel structure and now is aiming to move downward towards the 977.46 level.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️