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ETHUSD - Breakout Strategy

KRAKEN:ETHUSD   Ethereum
ETHUSD is falling gradually. Currently the price is between 113.60 support and 125.50 resistance. Considering the volatile characteristics of the crypto market, a breakout strategy could work on this graph, meaning targeting 98.00 level if ETH breaks below the 113.60 support (more likely considering the down trend), and targeting 160 level if ETH breaks above the 125.50 resistance.

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