Bringing you today's #DemexSignals
π Bear Trade Idea - $ETH / $USD
π‘ Rationale: The previous unemployment rate and CPI showed that the job market remains strong and inflation is still hot, which likely means the Feds will continue to be adamant about rate hikes.
Read on. ππ»
π Bear Trade Idea - $ETH / $USD
π‘ Rationale: The previous unemployment rate and CPI showed that the job market remains strong and inflation is still hot, which likely means the Feds will continue to be adamant about rate hikes.
Read on. ππ»
With NASDAQ and SPX making new lows, the overall macro trend remains bearish and crypto is likely to follow the downtrend for now with the occasional rallies. With winter coming and inflation possibly increasing, it is possible that recession occurs and the market goes...
...further risk-off, sending ETH back to $1250 or towards $1000 or below.
β‘οΈ Execution:
β«οΈ Limit short entry around $1310
β«οΈ Stop loss around $1320
πΉ Take profit at key areas:
$1267
π° Risk reward:
Around 6x from $1310 to $1267 (next key area)
β«οΈ Limit short entry around $1310
β«οΈ Stop loss around $1320
πΉ Take profit at key areas:
$1267
π° Risk reward:
Around 6x from $1310 to $1267 (next key area)
Trade these signals right now! π¨
app.dem.exchange/trade/ETH_USD
Tag a fellow #trader down below! π€
app.dem.exchange/trade/ETH_USD
Tag a fellow #trader down below! π€
β οΈ Disclaimer β οΈ
Please do your own research before carrying out trades. Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of the Demexβs control and sphere of influence. Demex shall not be liable to any losses or damages.
Please do your own research before carrying out trades. Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of the Demexβs control and sphere of influence. Demex shall not be liable to any losses or damages.
#DemexSignals #Demex #DemexOnCosmos #OrderBookDEX #CryptoTrading #CryptoTraders #CryptoSignals #TradingSignals
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