The rebound rose 8.6%. The patient trader waits for the retest.
$ETH fell 19.38% in 7 days and hit US$ 1,711.08, the week’s low. From there, it rebounded 8.6% to US$ 1,858.25. It is now at US$ 1,815.56, in a pullback.
Anyone who bought the rebound’s peak at US$ 1,858 chased the price. The patient trader does the opposite: waits for a retest of the broken level.
The zone to watch is US$ 1,858–US$ 1,878: the rebound’s high and the lost 7-day floor from yesterday, now resistance.
What would confirm an entry (educational example, in the direction of the decline): rejection in the zone—a long upper wick and a 4h close below US$ 1,858. Example stop: above US$ 1,904 (4h EMA-20). The thesis is invalidated by a 4h close above US$ 1,878–US$ 1,904.
The classic mistake is FOMO: entering at the top of a move because “it’s going up.” Patience is a position.
What about you: do you wait for the retest or enter during the move? 👇
$ETH #Ethereum #CriptoVisao
$ETH fell 19.38% in 7 days and hit US$ 1,711.08, the week’s low. From there, it rebounded 8.6% to US$ 1,858.25. It is now at US$ 1,815.56, in a pullback.
Anyone who bought the rebound’s peak at US$ 1,858 chased the price. The patient trader does the opposite: waits for a retest of the broken level.
The zone to watch is US$ 1,858–US$ 1,878: the rebound’s high and the lost 7-day floor from yesterday, now resistance.
What would confirm an entry (educational example, in the direction of the decline): rejection in the zone—a long upper wick and a 4h close below US$ 1,858. Example stop: above US$ 1,904 (4h EMA-20). The thesis is invalidated by a 4h close above US$ 1,878–US$ 1,904.
The classic mistake is FOMO: entering at the top of a move because “it’s going up.” Patience is a position.
What about you: do you wait for the retest or enter during the move? 👇
$ETH #Ethereum #CriptoVisao
