$ETH Just thinking out loud.. Price has reached a long-awaited zone, and it will likely leave this area behind as a manipulation. (If it closes below 4,100 in Daily) I donāt believe the bull run will arrive this obviously and let us profit so easily. Iām expecting a pullback, potentially down to a zone betweenĀ 3,900 and 3,700. Using previous price action in this region, Iāve identified a stop level based on historical candles and entered a trade accordingly. Given the current structure, I believe the price may retrace in line with aĀ Head and Shoulders pattern.
If price starts making hourly closes above the red line, Iāll close the trade. If it begins to break the most recent high, I may also close it to avoid further losses ā in that case, Iāll post an update. If the market is going to move up, our BTC long position will cover this loss anyway. #ETHBreaks4000