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Ethereum
Long

Bulls monitor blue zone support

By tradingmotives
Updated
Nice validation of the blue Median Line. The lower end of the blue zone also coincides with a 50% retracement of the previous swing (P2 to P3)
Comment
A break of support < 611 means deeper correction is unfolding & blue zone analysis will be invalidated
Trade active
Support in the blue zone held. Now monitor support along the lower parallel (or the sliding parallel just below) for new highs.
Trade closed: stop reached
Stopped out at 817. Deeper correction unfolding now.
FibonacciPitchforksSupport and Resistance
tradingmotives
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