The big one is coming, ETH 1-hour head and shoulders bottom!
Going long around 3618, stop loss at 3562
Ethereum's 1-hour chart is forming a head and shoulders bottom pattern, currently stuck near the green dashed line at 3618. This is an opportunity to place a buy order here, with the stop loss set at the red dashed line at 3562.
If the yellow neckline breaks with volume, move the stop loss up to secure some profit.
My personal suggestion: use a small position with low leverage to test the waters, first validate the trading idea, don’t go all in!
Remember to do your own research before taking action; there’s a short-term opportunity only if this level breaks, otherwise don't force it!
If you're unsure and constantly chasing the highs and cutting losses, feel free to chat. Like + leave a message, Brother Fan will help you get on board.
