As it is clear in the chart. ETH momentum is extremely Bearish. PRZ's are shown in the chart so you can see even ETH could reverse.
In the first step, we need a momentum Shift. it could be a bullish engulfing or a pin bar.
But we never Jump to the trade without any confirmation.
How do we find confirmation :
1) Double Retest
2) If a good volume just happen in critical Fib lvls ( PRZ's)
All the time REMEMBER: THE KEY PARAMETER FOR BEING A SUCCESSFUL ANALYZER AND A GOOD TRADER IS TO BE DISCIPLINED IN MONEYMANAGMENT AND RISK MANAGEMENT. BELIEVE ME TECHNICAL, MACRO ANALYZER, ONCHAIN ANALYZING ARE NOT THAT IMPORTANT.
In the first step, we need a momentum Shift. it could be a bullish engulfing or a pin bar.
But we never Jump to the trade without any confirmation.
How do we find confirmation :
1) Double Retest
2) If a good volume just happen in critical Fib lvls ( PRZ's)
All the time REMEMBER: THE KEY PARAMETER FOR BEING A SUCCESSFUL ANALYZER AND A GOOD TRADER IS TO BE DISCIPLINED IN MONEYMANAGMENT AND RISK MANAGEMENT. BELIEVE ME TECHNICAL, MACRO ANALYZER, ONCHAIN ANALYZING ARE NOT THAT IMPORTANT.