$ETH
Big long opportunity here.
Price is currently retesting the golden Fibonacci level of the recent pump, which also aligns with the previous range-high support.
This is a massive support level which will be hard to break for ETH, especially with the highs still being unswept.
If we hold and bounce from here, I expect price to target $2900 next. However, once we get a daily close below $2500, the setup gets invalidated and $2350 becomes the next major liquidity target.
I just entered a swing long at $2550 with a soft stoploss, meaning I’ll manually close the position if we get a daily close below $2500.
This comes with additional risk, but it prevents us from getting swept.
If you don’t know how to manage your position and risk accordingly, please don’t follow this trade and wait for the next opportunity
$ETH
Big long opportunity here.
Price is currently retesting the golden Fibonacci level of the recent pump, which also aligns with the previous range-high support.
This is a massive support level which will be hard to break for ETH, especially with the highs still being unswept.
If we hold and bounce from here, I expect price to target $2900 next. However, once we get a daily close below $2500, the setup gets invalidated and $2350 becomes the next major liquidity target.
I just entered a swing long at $2550 with a soft stoploss, meaning I’ll manually close the position if we get a daily close below $2500.
This comes with additional risk, but it prevents us from getting swept.
If you don’t know how to manage your position and risk accordingly, please don’t follow this trade and wait for the next opportunity
$ETH