ETH retracement to 325+ EUR then back to reality
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.