$ETH If you’re going to drop, don’t break out first and then bounce back up. What are you playing at—making a fake breakout and then pulling it back? First you take out some of the heavily leveraged, all-in longs, then you dip below support to fake a breakdown and lure in shorts, only to pull it back up again. Are you trying to squeeze both sides?
On the daily chart, it’s a head-and-shoulders pattern, but the right shoulder isn’t finished yet. It won’t drop that soon; it’ll take another week or two for the right shoulder to play out before it falls. So I’m still trading the range-bound action on the right side.
What do you all think?
On the daily chart, it’s a head-and-shoulders pattern, but the right shoulder isn’t finished yet. It won’t drop that soon; it’ll take another week or two for the right shoulder to play out before it falls. So I’m still trading the range-bound action on the right side.
What do you all think?
