"ETH - looking for a small scalp"
Updated
Ethereum is currently navigating between critical levels, with a notable interaction around the highlighted POC and value area on the chart.
Analysis and Justification:
1. Initial Upside Target - $3689:
• The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
• If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
2. Downside Move to $3670:
• After reaching $3689, the analysis suggests a potential fallback towards $3670.
• This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.
You may long and short but follow the lines :D
Analysis and Justification:
1. Initial Upside Target - $3689:
• The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
• If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
2. Downside Move to $3670:
• After reaching $3689, the analysis suggests a potential fallback towards $3670.
• This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.
You may long and short but follow the lines :D
Trade active
as it approaches our tpo, its likely to see if it approaches as stated hereNote
Trade closed: target reached
ACHIEVED!
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The 〽️agic happens here: @MastaCryp
〽️agic Begins 🪄 with 〽️astaCrypta!
Accuracy and Precision?? - I just doodle and that's it 👀
Join The Alchemy Syndicate from 〽️astaTrades Today!
The 〽️agic happens here: @MastaCryp
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