How to play ETH TONIGHT
Updated
SCENARIO 1 I'M LONG
Eth breaks €1075 line of resistance
BUY = IF eth breaks €1075
TARGET 1 = Previous day line of resistance €1090
If ETH Bounces off line of resistance and doesn't penetrate sell at the next 5minute candle low
If ETH breaks line of support next target is previous day high of €1109
SCENARIO 2 BTFD! Catch the falling Knife
Eth fails to break €1075 line of resistance
SET BUY LIMIT for 23.6% FIB ZONE (€930) = If eth fails to break €1075
SCENARIO 3
Market Indecision - SIDEWAYS movement = NO TRADE
Let the market decide whether you're a buyer or a seller - Patience you must have
Eth breaks €1075 line of resistance
BUY = IF eth breaks €1075
TARGET 1 = Previous day line of resistance €1090
If ETH Bounces off line of resistance and doesn't penetrate sell at the next 5minute candle low
If ETH breaks line of support next target is previous day high of €1109
SCENARIO 2 BTFD! Catch the falling Knife
Eth fails to break €1075 line of resistance
SET BUY LIMIT for 23.6% FIB ZONE (€930) = If eth fails to break €1075
SCENARIO 3
Market Indecision - SIDEWAYS movement = NO TRADE
Let the market decide whether you're a buyer or a seller - Patience you must have
Note
TARGET REACHED
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