$ETH +5.3% in the last hour
(+6.7% over 24h)
Now 2 440, right at the top of its 24h range: 2 226 to 2 441.
Volume over the last 3 hours is 2.2x the daily hourly average.
If it pushes through 2 441, the next area is 2 549 (+4.5%).
Downside scenario: a close under 2 226 and 2 119 (−13.2%) comes into play.
Either way, the idea is wrong once price closes back through 2 334 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
No edge claimed: just the range, its extension and where it breaks.
NFA.
#ETH #Altcoins #VektorDaily
(+6.7% over 24h)
Now 2 440, right at the top of its 24h range: 2 226 to 2 441.
Volume over the last 3 hours is 2.2x the daily hourly average.
If it pushes through 2 441, the next area is 2 549 (+4.5%).
Downside scenario: a close under 2 226 and 2 119 (−13.2%) comes into play.
Either way, the idea is wrong once price closes back through 2 334 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
No edge claimed: just the range, its extension and where it breaks.
NFA.
#ETH #Altcoins #VektorDaily
