Don't rush Ethereum is still bearish

8 thg 8, 2024

Ethereum has broken a flip range to the bottom and is now pulling back towards this area.

Also, Ethereum's structure is bearish in large timeframes.

We are looking for sell/short positions in the POI range.

The targets are marked on the chart.

Closing a daily candle above the invalidation level will violate the analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

27 thg 8, 2024

Giao dịch đang hoạt động

We had two supply zones called poi and flip that overlapped.

The candles passed through the first zone and when it reached the second zone, it dropped and was rejected.

Many sell orders have entered Ethereum.