Ethereum Update - Be careful with longs.

30 авг. 2022 г.

ETH looks really suspicious 🧐

1. We have a trendline but it's only 3rd touch. Too early for breakout
2. Approach is too sharp. Usually coin can't break through if it didn't have decent accumulation beforehand.
3. Volume at high and it is decreasing. We can read it as buyer loosing power.

You could try opening short at breakdown of local trendline with stoploss above closest high.

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones