ETH - Doing it AGAIN...
ETH has been bullish trading within the rising channel in red.
Currently, ETH is rejecting the upper bound of the channel, so a bearish correction is expected.
Moreover, the green zone is a strong structure.
$ETH
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
Stay Tuned for Further Updates.
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