as you can see this very much looks like a bull flag on eth and if it successfully breaks it can pump the price to 1380, however, I don't believe in yesterday's pump as it was a big short squeeze with OI dropping heavily. both BTC and eth left a lot of intact liquidity on the long side. I like to see another touch of the lower side of this bull channel and grab some more fuel for the upside. bear in mind that what I like and what markets do are two different stories. so I took a short here with invalidation above the swing high targeting the 1200 area where I would flip long there. some of my last trades took stop but I don't care as long as i have risk management i won't get rekt.
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and this is why i don't long resistance, my tp1 hit and stop to entry
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i guess bull flag played well lol. never retraded to an area that i wanted to long but i catch a nice profit from my shorts. anyway if you long take profit and if you don't, it's not a place to ape in now for shorts or longs. wait for more data