$ETH Observing this cluster of downward-facing candles, unfortunately, I don’t anticipate any scenario other than another downward impulse.
Therefore, I’m not expecting a reversal from this point and am placing a buy limit order at $2,000 with a position size of 30% of my deposit.
If we fail to hold the support zone, it will indicate that I was mistaken, so a 3D candle closing below $1,700 would invalidate my scenario.
I plan to take profit at the $3,400 level, which is where the downward impulse began.
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