ETH retracement to 325+ EUR then back to reality
Updated
Hi, just as simple as I could explain, we are in middle of retracement which has only one purpose, to make retail investors forget about the downtrend and start thinking that bull run resumed.
How I trade this:
- I entered long around 300 EUR
- Will Hold my ETH until 325+, then go full cash and wait for short opportunity.
- I expect few big spikes to lead around 325 even 330, but just to fill the orders of the shorters and big players.
Concerns:
- Retracement could end even faster if BTC cannot move above 10.4-10.5 in near 1-2 weeks.
How I trade this:
- I entered long around 300 EUR
- Will Hold my ETH until 325+, then go full cash and wait for short opportunity.
- I expect few big spikes to lead around 325 even 330, but just to fill the orders of the shorters and big players.
Concerns:
- Retracement could end even faster if BTC cannot move above 10.4-10.5 in near 1-2 weeks.
Trade closed: target reached
Target reached!Now we have to monitor how ETH is going to behave in these levels.
Note
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