ETH today, 10/13
I didn’t expect another dip in the early hours, with the price falling as low as around 2,405. Many of those who chased the rally were caught off guard.
Fortunately, strong buying support emerged around 2,405. The market rebounded quickly after the Asian session opened this morning, rising more than 100 points in a short time. Funds continue to flow in, showing that there is strong interest from buyers at lower levels.
The sharp-drop shakeout is over, and bottom support has been confirmed. Now it’s time for a rebound.
Trade plan
Long entry: 2,500–2,480
Stop: 2,450
Targets: 2,570–2,600 #eth
I didn’t expect another dip in the early hours, with the price falling as low as around 2,405. Many of those who chased the rally were caught off guard.
Fortunately, strong buying support emerged around 2,405. The market rebounded quickly after the Asian session opened this morning, rising more than 100 points in a short time. Funds continue to flow in, showing that there is strong interest from buyers at lower levels.
The sharp-drop shakeout is over, and bottom support has been confirmed. Now it’s time for a rebound.
Trade plan
Long entry: 2,500–2,480
Stop: 2,450
Targets: 2,570–2,600 #eth