$ETH ā REJECTION AT THE CRITICAL TRENDLINE WALL šØš
Bro, check out this $ETH chart. The price shot straight up like a rocket and slammed directly into that descending red resistance line near $2,560.
Momentum is fading out right at the highs, and retail traders are getting too comfortable thinking the bear phase is over forever. These quick spikes into macro resistance usually trap late longs.
š» SHORT PLAN :
šÆ TP 1: $2,250
šÆ TP 2: $2,050
šÆ TP 3: $1,850+
Keep your leverage tight and manage your risk. If this resistance wall holds firm, the drop down is going to be fast.
Bro, check out this $ETH chart. The price shot straight up like a rocket and slammed directly into that descending red resistance line near $2,560.
Momentum is fading out right at the highs, and retail traders are getting too comfortable thinking the bear phase is over forever. These quick spikes into macro resistance usually trap late longs.
š» SHORT PLAN :
šÆ TP 1: $2,250
šÆ TP 2: $2,050
šÆ TP 3: $1,850+
Keep your leverage tight and manage your risk. If this resistance wall holds firm, the drop down is going to be fast.
