12.20 Ethereum 'Black Swan' Alert

The current bullish entry rate is getting ridiculous. After breaking key levels, there have been constant attempts to lure in buyers. Given the current price, it may be wise to consider a light short position with a stop-loss at 3420 to protect against a potential 'Black Swan event' tomorrow.

We’re also using a manual entry strategy. With the frequency of bullish bottom-fishing rising, it could be worth taking a shot. If bulls continue to aggressively bottom-fish and contract positions open at a high rate, there's a real chance we could see a 'waterfall market' tomorrow.

If you’re entering a short position, target 2400, but set your stop-loss a few dozen points higher.

#CryptoMarketPullback #Ethereum
$ETH