$ETHFI | Breaking above the 0.7 mark
Before looking at positions, first understand the key price levels.
The longer it’s been since the price last reached this level, the more the distribution of holdings around this area may have changed. Past support and resistance levels may no longer hold.
Breaking through a key level only shows that one side has the upper hand at this moment. How much further the price can go depends on where the next key level is and whether capital can keep up.
Reading indicators is easy; the hard part is sticking to the rules when the market gets extremely volatile.
#ETHFI
For record-keeping only, not investment advice.
Before looking at positions, first understand the key price levels.
The longer it’s been since the price last reached this level, the more the distribution of holdings around this area may have changed. Past support and resistance levels may no longer hold.
Breaking through a key level only shows that one side has the upper hand at this moment. How much further the price can go depends on where the next key level is and whether capital can keep up.
Reading indicators is easy; the hard part is sticking to the rules when the market gets extremely volatile.
#ETHFI
For record-keeping only, not investment advice.