Ethereum is bouncing. But are buyers really back?
A green candle after a drop doesn't automatically mean a trend reversal.
Before considering an entry, watch three things:
• Can ETH reclaim resistance?
• Does the level hold on a retest?
• Is buying volume increasing?
I'd rather miss the first part of a rally than enter before confirmation.
Would you buy this bounce or wait for a confirmed reversal?
$ETH
A green candle after a drop doesn't automatically mean a trend reversal.
Before considering an entry, watch three things:
• Can ETH reclaim resistance?
• Does the level hold on a retest?
• Is buying volume increasing?
I'd rather miss the first part of a rally than enter before confirmation.
Would you buy this bounce or wait for a confirmed reversal?
$ETH