! Not financial advice - This is my trading diary! It helps me think about my ideas.
Dear Reader,
Ethereum is still correcting. It got a strong bounce from support, but now it is aiming at a daily resistance. I am watching a reaction at this 2250 Region to plan my next step - I enter by Market with the first sign of Absorption / Swing Failure pattern around 2300- 2350. My idea gets invalidated if I see ETH pushing through the level with a 4H close above 2300.
Downside Targets still in play: 1400ish - Previous ATH, .618 Extension + order block. If ETH loses this level, then 790 is a must-buy.
--> Since the markets are very unpredictable, I strongly recommend (not financial advice) entering a Market order instead of pre-setting Limit, and make sure to have a proper stop and risk management in place. There is a high chance to get rekt.
Dear Reader,
Ethereum is still correcting. It got a strong bounce from support, but now it is aiming at a daily resistance. I am watching a reaction at this 2250 Region to plan my next step - I enter by Market with the first sign of Absorption / Swing Failure pattern around 2300- 2350. My idea gets invalidated if I see ETH pushing through the level with a 4H close above 2300.
Downside Targets still in play: 1400ish - Previous ATH, .618 Extension + order block. If ETH loses this level, then 790 is a must-buy.
--> Since the markets are very unpredictable, I strongly recommend (not financial advice) entering a Market order instead of pre-setting Limit, and make sure to have a proper stop and risk management in place. There is a high chance to get rekt.