🔥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.
âś… 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.
đź“Š 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
đźš© 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.
âś… 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.
âś… 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.
đź“Š 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
đźš© 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.
âś… 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.
âś…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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