🔻 $ETH is −6.1% on the day
Now 2 099, in the lower part of its 24h range: 2 060 to 2 246.
Bulls: a hold above 2 246 (24h high) opens the way to 2 339 (+11.4%).
Downside scenario: a close under 2 060 and 1 967 (−6.3%) comes into play.
Either way, the idea is wrong once price closes back through 2 153 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
These are range levels, not a prediction. Moves like this fade as often as they continue.
Not financial advice.
#ETH #VektorDaily
Now 2 099, in the lower part of its 24h range: 2 060 to 2 246.
Bulls: a hold above 2 246 (24h high) opens the way to 2 339 (+11.4%).
Downside scenario: a close under 2 060 and 1 967 (−6.3%) comes into play.
Either way, the idea is wrong once price closes back through 2 153 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
These are range levels, not a prediction. Moves like this fade as often as they continue.
Not financial advice.
#ETH #VektorDaily
