$ETH The strong are always stronger!
Yesterday, I closed long positions at the highest point. Today, I bought longs at the lowest point. The trading difficulty for Ethereum is not high.
1/ As the price approaches the downward trendline in the chart, go ahead and take some profit on your long positions.
2/ To be bullish, we need to reclaim 2720, and for now that’s a bit difficult.
3/ Because the downward trendline continues to suppress price, if we can’t break above it in the short term, then I won’t trade again at 2640. I will wait for opportunities around minor support at 2610 and major support at 2570.
Yesterday, I closed long positions at the highest point. Today, I bought longs at the lowest point. The trading difficulty for Ethereum is not high.
1/ As the price approaches the downward trendline in the chart, go ahead and take some profit on your long positions.
2/ To be bullish, we need to reclaim 2720, and for now that’s a bit difficult.
3/ Because the downward trendline continues to suppress price, if we can’t break above it in the short term, then I won’t trade again at 2640. I will wait for opportunities around minor support at 2610 and major support at 2570.
