ETHUSDT Breaking Channel and Targeting Psychological Support
Updated
ETHUSDT is currently positioned below the significant resistance level of $2000, which holds psychological significance. Furthermore, there has been a clear and decisive breach of the ascending channel, indicating the potential for further downward movement. Given that the price has approached the breakout point of the channel and the 88.6% Fibonacci resistance level, it presents an excellent selling opportunity with a favorable risk/reward ratio. We have initiated a short position and have set our target at the psychological support zone of $1000, which aligns with the 88.6% Fibonacci level.
Order cancelled
We are canceling the trade at break even
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