ETHEREUM UPDATE
ETH has broke out of the 4H range but there isn't any real volume backing this move which is making me believe it is a fake out. HOWEVER we cant trade on assumptions - what I am looking for to confirm my theory is for PA to break back below the high of the Asian session and make a BOS of the previous HL for confirmations - then we can look for a potential entry on the retest ONLY IF all confirmations are satisfied.
Price can easily reject this zone as new support and continue the corrective move so ensure you always wait for confirmations🔥✅
Still holding our overall ETH swing short trade from 1880 running +195% profit
ETH has broke out of the 4H range but there isn't any real volume backing this move which is making me believe it is a fake out. HOWEVER we cant trade on assumptions - what I am looking for to confirm my theory is for PA to break back below the high of the Asian session and make a BOS of the previous HL for confirmations - then we can look for a potential entry on the retest ONLY IF all confirmations are satisfied.
Price can easily reject this zone as new support and continue the corrective move so ensure you always wait for confirmations🔥✅
Still holding our overall ETH swing short trade from 1880 running +195% profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.