Ethereum has seen 7 consecutive working days of closing with 7 doji candles. Bulls and bears remain locked in a tug-of-war, and the time window for a breakout is getting close.
At this stage, do not place trades blindly. #ETH
There has been a period of doji candle ranging; both sides are finding it difficult.
My 9-year practical trading response plan: either use a wider stop-loss with a small position to test, or stay in cash and wait for a clear breakout.
In a range-bound market, a tight stop-loss is very easy to be swept out by needle-like wicks.
At this stage, do not place trades blindly. #ETH
There has been a period of doji candle ranging; both sides are finding it difficult.
My 9-year practical trading response plan: either use a wider stop-loss with a small position to test, or stay in cash and wait for a clear breakout.
In a range-bound market, a tight stop-loss is very easy to be swept out by needle-like wicks.