$ETHFI: WAIT - price fell below support, long only if it gets back above 0.5510.
What happened: price fell below 0.5510 support to 0.5435 and closed at 0.5460. Bitcoin keeps falling near 67k after failing near 70k, so only dip-buys.
Entry: 0.5515 only if an hour candle closes back above 0.5510.
Stop loss: 0.5425, about 1.6 pct below entry.
Target 1: 0.5697, gives 1.6 times the risk. Target 2: 0.5884, gives 3.3 times the risk.
Avoid buying before an hour candle closes back above 0.5510, sellers broke a floor that held three times.
What cancels the idea: an hour candle closes below 0.5425, sellers broke the floor again.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: price fell below 0.5510 support to 0.5435 and closed at 0.5460. Bitcoin keeps falling near 67k after failing near 70k, so only dip-buys.
Entry: 0.5515 only if an hour candle closes back above 0.5510.
Stop loss: 0.5425, about 1.6 pct below entry.
Target 1: 0.5697, gives 1.6 times the risk. Target 2: 0.5884, gives 3.3 times the risk.
Avoid buying before an hour candle closes back above 0.5510, sellers broke a floor that held three times.
What cancels the idea: an hour candle closes below 0.5425, sellers broke the floor again.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
