Ethereum (ETH) - October 13
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Around October 13 (October 12-14), I touched the 390.0 point, an important point.
You need to see if you can get support at the uptrend line (5) and move above the 390.0 point.
Since we're in a position with nowhere to retreat, I think it's paramount to get support at the uptrend line (5).
If you fall from the uptrend line (5) and touch the 371.0 point, I think you need to trade to preserve the profit and loss.
If you break through the downtrend line (9), I think there is a high possibility of an upside to challenge the 502.66 point.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
Around October 13 (October 12-14), I touched the 390.0 point, an important point.
You need to see if you can get support at the uptrend line (5) and move above the 390.0 point.
Since we're in a position with nowhere to retreat, I think it's paramount to get support at the uptrend line (5).
If you fall from the uptrend line (5) and touch the 371.0 point, I think you need to trade to preserve the profit and loss.
If you break through the downtrend line (9), I think there is a high possibility of an upside to challenge the 502.66 point.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.
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Other content (coins, stocks, etc.) is frequently posted on X.
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