#Ethereum - thoughts out loud #11Good evening, we are from Ukraine!
Why was it necessary to place a limit buy order at this particular moment and what were the goals for profit-taking?
I'll start with the first one, because we are at the bottom of the trading range after manipulating (on volumes) with a false breakout of the lows and a quick resumption of purchases on the buy bars with an extended spread. That is, the technical reason is more in favor of the longs.
The second part of the question. The first target is the local high of 2160. Moreover, if the situation develops positively, the position can be held up to 2200, accompanying the instrument.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn .
Ethereumperp
#Ethereum - thoughts out loud #10Good evening , we are from Ukraine!
For this period of time, the chart has a trading margin, the exit from which opens the door to 2 key levels:
1) A long scenario of breaking through the resistance level and going to 2300 and above.
2) Short, market weakness after a false breakout of 2200 and the price returning to the middle of the range with a further buyer's test at 1900 - 1850.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn.
