Hello everyone...
Welcome to my channel!
If you liked the analysis below, hit the rocket button.
Let's dive into the Ethereum analysis on the 4-hour time frame.
What are we waiting for right now?
We are waiting for the 2874 level to break with good volume, so we can enter a long position with proper risk management. It is worth noting that there is a chance of a fake-out, so either use a large stop-loss below the 2310 level, or a smaller stop-loss with a small risk-to-reward ratio. If you're using a smaller stop, make sure to lock in profits sooner.
The green boxes you see in the image indicate the strong presence of buying makers who have established solid support in these areas. If the buyers fail at the 2700 area, we may need to focus more on the bearish scenario.
Hitting the rocket and sharing your comments motivates me.
Stay profitable!
Welcome to my channel!
If you liked the analysis below, hit the rocket button.
Let's dive into the Ethereum analysis on the 4-hour time frame.
What are we waiting for right now?
We are waiting for the 2874 level to break with good volume, so we can enter a long position with proper risk management. It is worth noting that there is a chance of a fake-out, so either use a large stop-loss below the 2310 level, or a smaller stop-loss with a small risk-to-reward ratio. If you're using a smaller stop, make sure to lock in profits sooner.
The green boxes you see in the image indicate the strong presence of buying makers who have established solid support in these areas. If the buyers fail at the 2700 area, we may need to focus more on the bearish scenario.
Hitting the rocket and sharing your comments motivates me.
Stay profitable!
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.
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.