ETH Short in to a Long?
Since Bitcoin has started to rise again and Ethereum has found its local bottom at $1815.05 (Bybit Chart ETHUSDT.P), there haven't been many opportunities for traders to enter a long position. A scenario we would like to see is a price rejection around the zone between $1886.39 and $1904.81. Setting a stop loss now is almost impossible as, from a trader's perspective, we always advise not to preset trades but to wait for a change in market structure. The goal would be to enter short.
Pay close attention during the descent. Currently, the price continues to remain in a local downtrend (the price continues to mark Lower Lows, Lower High), for this reason, it is important to protect your position and take profit along the descent. Always remember that Bitcoin commands the market and the price of ETH moves accordingly.
Advice: wait for the change in structure as advised by The Inner Circle Trader (perfect Entry).
Pay close attention during the descent. Currently, the price continues to remain in a local downtrend (the price continues to mark Lower Lows, Lower High), for this reason, it is important to protect your position and take profit along the descent. Always remember that Bitcoin commands the market and the price of ETH moves accordingly.
Advice: wait for the change in structure as advised by The Inner Circle Trader (perfect Entry).
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