$ETH
If Ether completes the second “shoulder,” it will form a classic “head and shoulders” pattern, which statistically is more likely to break downward.
The problem with this setup is that it doesn’t offer any entry points with a tight stop. So I’ll try entering early with a small position size in the 2580–2620 range, if it spikes into that area.
Then I’ll go in with the full position size on the actual breakdown of the short-entry levels, if the approach to them is gradual and technically clean.
#ETH
If Ether completes the second “shoulder,” it will form a classic “head and shoulders” pattern, which statistically is more likely to break downward.
The problem with this setup is that it doesn’t offer any entry points with a tight stop. So I’ll try entering early with a small position size in the 2580–2620 range, if it spikes into that area.
Then I’ll go in with the full position size on the actual breakdown of the short-entry levels, if the approach to them is gradual and technically clean.
#ETH