BTC in the 4-hour chart is consolidating... It is recommended not to trade now. Once we know the BTC path only, we should trade. Ultimately, all ALT coins depend on the movement of BTC. My gut feeling says it would break in the upside. What about you? Current Resistance is around 104500
š $ETH Trade Setup (5 Min Chart) ā My First Attempt at Prediction! Today, I tried predicting Ethereum's next move using someone else's signals ā but this time,
I added my own analysis. Here's what I did: ā Identified an Uptrend š Marked Overbought Zone ā Plotted the Fibonacci from there š Spotted Consolidation š Entered Long at Key Retracement (50%) šÆ Targeting: $2,788 š Before 12 PM IST, May 29
If my levels play out, this will be a solid confirmation for my learning curve. Sharing to learn, improve, and connect with other traders.
š Chart attached for reference.
šWould love your feedback, especially on my fib placement and risk zone!