$ETH broke above the 24-hour high: current price 2321.19, previous high 2313.05.
After the breakout, watch two things:
· Whether the previous high of 2313.05 turns from resistance into support (holds on a pullback)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn into bull traps
What’s your take on this level?
#ETH
After the breakout, watch two things:
· Whether the previous high of 2313.05 turns from resistance into support (holds on a pullback)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn into bull traps
What’s your take on this level?
#ETH