Possible retrace to kumo for short back down
Ethereum / TetherUS BINANCE:ETHUSDT
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.
