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This is an obvious zone on $ETH price had multiple rejections from the same zone. I think it should not drop below it if it does the recovery should be quick otherwise things can get pretty ugly. I personally hate the retests of important zones price usually fails to hold. Lets see where this week ends as its a high timeframe zone.
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Told you its wise to take profits on $ETH Right at the top. I have started scaling back into my position again. đ€
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So scared right now All of my friends got liquidated.
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I just looked at some altcoin charts, and quite a few of them have broken their major zones, as shown in the first picture I attached. You can check it out on the one day chart and the 4hr chart. If thereâs more upside, I think we should see these levels reclaimed in the next few days, as shown in the second picture I attached. So, if youâre bullish and youâve already entered, you really want to see the market to reclaim that broken zone. If you havenât entered yet and prefer confirmation, I think the best confirmation would be the market reclaiming these broken lows, or you might get some more downside discounts. Each chart have different price action of-course and for that you have to check it and evaluate it based on what you want to do.
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$ENA Broke below the key zone. Should reclaim $0.700 if there is more upside init.
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