$ETH is giving buyers a level to defend
After the recent weakness, I’m not interested in chasing ETH if it suddenly jumps. I’d rather watch how price behaves around $2,410 to $2,430. If buyers step in there and start building another move higher, the recovery could extend toward $2,465 first, then $2,520 and $2,560.
What I like about this setup is that the invalidation is close. If ETH loses $2,385, the idea is no longer working and there’s no reason to keep forcing the long.
Entry Zone: $2,410 to $2,430
TP1: $2,465
TP2: $2,520
SL: $2,385
For now I’m watching the reaction at the entry zone. If buyers want the recovery, this is where they need to show it.
#ETH #BinanceSquareTalks #CoinQuestArmy
After the recent weakness, I’m not interested in chasing ETH if it suddenly jumps. I’d rather watch how price behaves around $2,410 to $2,430. If buyers step in there and start building another move higher, the recovery could extend toward $2,465 first, then $2,520 and $2,560.
What I like about this setup is that the invalidation is close. If ETH loses $2,385, the idea is no longer working and there’s no reason to keep forcing the long.
Entry Zone: $2,410 to $2,430
TP1: $2,465
TP2: $2,520
SL: $2,385
For now I’m watching the reaction at the entry zone. If buyers want the recovery, this is where they need to show it.
#ETH #BinanceSquareTalks #CoinQuestArmy
