Possible retrace to kumo for short back down

11 במרץ 2022

Eth just did a kumo breakout on the 5 minute chart. It is quite likely that it will keep going down from this point and respect the short term trendline I drew. But in a situation where it breaks through the trendline I expect resistance at kumo and a kumo bounce would be a great trade here. Given the amount of space ETH can drop after kumo bounce we can have a nice big stop loss while having a good risk to reward.

11 במרץ 2022

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I was referring the 15 minutes, my apoligies.

12 במרץ 2022

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13 במרץ 2022

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Take profit has been reached.