#ETH $ETH
As I wrote earlier, Ethereum has already shown a break of structure, but I’m not going to enter right now — it’s too risky.
I’ve marked the resistance on the chart, from which I expect a correction into the accumulation zone I’ve identified. That’s where I’ll look to buy the asset, provided we get a valid long setup.
Of course, this will be a spot position and I’m looking at it from a medium-term perspective.
For now, I’ve identified these zones for myself as key areas from which I’ll make decisions both for short-term trades and medium-term positions.
Not financial advice. Just my thoughts.
Wishing everyone profitable trades and a great day!
As I wrote earlier, Ethereum has already shown a break of structure, but I’m not going to enter right now — it’s too risky.
I’ve marked the resistance on the chart, from which I expect a correction into the accumulation zone I’ve identified. That’s where I’ll look to buy the asset, provided we get a valid long setup.
Of course, this will be a spot position and I’m looking at it from a medium-term perspective.
For now, I’ve identified these zones for myself as key areas from which I’ll make decisions both for short-term trades and medium-term positions.
Not financial advice. Just my thoughts.
Wishing everyone profitable trades and a great day!
