๐ As weโve explained before, sometimes a break below support doesnโt mean the decline will continue!
ETH broke the 2,368$ level, then strongly reclaimed the zone and rose toward $2,440. ๐
This is an example of a false breakout, where the price moves back above a level after breaking below it.
But has the reversal been confirmed? We need to monitor price action and see whether it holds above support.
Have you seen this scenario before? ๐
#ETH #ETH #BinanceSquare
ETH broke the 2,368$ level, then strongly reclaimed the zone and rose toward $2,440. ๐
This is an example of a false breakout, where the price moves back above a level after breaking below it.
But has the reversal been confirmed? We need to monitor price action and see whether it holds above support.
Have you seen this scenario before? ๐
#ETH #ETH #BinanceSquare