$ETH behaves exactly like Bitcoin. This means that the next support of #ETH is the 80,000 of #BTC . If Bitcoin stays below 80, the price will inevitably go to the next support which is the area of 60,000 to 70,000. Because the next support of #ETH is equivalent to that value of Bitcoin. (60k / 70k)
If you're thinking of going Long, I recommend doing the following:
- Enter at 80k with a minimum TP at 105k and SL at 75k. This is ideal because upon entering at 80,000, if the price rebounds, it will seek a new maximum rebound; previously, it reached 93,000, so right now it would look for the area of 100,000. Thus, you can capitalize a good amount before a possible breakdown lower (zone 60k) or that the price breaks upwards directly.
Having an SL at 75,000 is ideal because in that value area, it means that the price broke the barrier and will seek a lower zone, like the area of 65 to 70. So, even if your SL closes there, you can reopen a position with a higher profit margin.
I am not an expert; this is my projection based on my technical knowledge. We will see if time proves me right.
My friend sold all his $SOL , and now he’s using that money to short $SOL because he’s confident it’s heading back to $9.🤣🤣 He knows what’s coming $SOL is about to crash hard. Stay sharp and don’t miss the move.🐳🍻