🔥Where the place to buy ETH with highest pottential to grow?
Updated
Hi friends! In previous ideas I explain you why the MERGE of ETH is similar to BTC halving. Long story short, a lot of people wait for some crypto events and buy coins in hope to make HUGE money. In real life, the price of crypto falls after such events.
✅ The same happen to ETH MERGE. A lot of retailers wait for the growth, but now sell their ETH to whales on this fall.
I think that after ETH fall below the channel and the local low of $1192 will be renewed, the whales will buy enough coins and even the most patient traders will not be able to survive at this drawdown. And here we have a chance to open our longs.
📊 The main reasons to open a long:
🔥 false breakout of the channel. When the price fall lower the channel and then return inside it, it will the time to open a long
🔥 volume growth
🔥 squeeze to the trendline before the breakout
🔥 bullish BTC
🚩 DOM and Footprint help to identify the moments before the pump and dump because using these trading tools I can see the whales orders. The whales are the price drivers.
✅ My local targets on ETH:
1. $1476-1500 - the local key levels
2. $1570-1640 - the value area
I recommend you to book 75% of profit when ETH reach our 2nd target.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✅ The same happen to ETH MERGE. A lot of retailers wait for the growth, but now sell their ETH to whales on this fall.
I think that after ETH fall below the channel and the local low of $1192 will be renewed, the whales will buy enough coins and even the most patient traders will not be able to survive at this drawdown. And here we have a chance to open our longs.
📊 The main reasons to open a long:
🔥 false breakout of the channel. When the price fall lower the channel and then return inside it, it will the time to open a long
🔥 volume growth
🔥 squeeze to the trendline before the breakout
🔥 bullish BTC
🚩 DOM and Footprint help to identify the moments before the pump and dump because using these trading tools I can see the whales orders. The whales are the price drivers.
✅ My local targets on ETH:
1. $1476-1500 - the local key levels
2. $1570-1640 - the value area
I recommend you to book 75% of profit when ETH reach our 2nd target.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade active
Hi friends! ETH reach 100% of my targets:🔥 key level - $1480
🔥 value area - $1570-1640
I expect one more false breakout but it had already happend at that time. So in the picture below I move the potential scenario back. You can see how these preconditions perfectly work.
✅I recommend you to remember this pattern with false breakout of the key level of $1220 and use because it very profitable pattern. I use it for the 5-6 my recent trades and got the profit from 20 to 50%.
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