Additional Comment on the Previous Idea
Updated
ETHUSDTThe previous analysis of price behavior toward the 1936 area (red rectangle) went well.
The price is in the critical area.
If the price meets support in the one-hour candle, it can touch the area of 1975-1984 again.
But if the price does not close above the red rectangle of the one-hour candle, it is likely to go down to the 1883 area.
- The optimal entry point for a long position is when the one-hour candlestick closes above the red rectangle (1935-1940).
The optimal entry point for the short position is the 1930-1936 area.
The best stop for the long position is the area between 1902 to 1912 (depending on the risk of the deal)
The best stop for a short position is the 1972 area.
Trade closed: target reached
The price went down to the specified range (Short Position)
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