ETH/USDT My Main Scenario
Hello everyone,
Welcome back to today's market analysis.
Looking at the ETH/USDT chart, while we've seen some consolidation and a bounce off the recent lows, I don't believe we've yet found a local bottom.
My analysis suggests we're likely to see one more leg down to the $1360 area, which I would view as an attractive zone for a scalp long position. A bounce from there could see price recover back to the $1460-$1500 area, at which point I would look to open a short position and target the next downside move.
Of course, this all depends on how the overall market develops and BTC's trend - I'll be sure to provide updates on the evolving setups and triggers.
Welcome back to today's market analysis.
Looking at the ETH/USDT chart, while we've seen some consolidation and a bounce off the recent lows, I don't believe we've yet found a local bottom.
My analysis suggests we're likely to see one more leg down to the $1360 area, which I would view as an attractive zone for a scalp long position. A bounce from there could see price recover back to the $1460-$1500 area, at which point I would look to open a short position and target the next downside move.
Of course, this all depends on how the overall market develops and BTC's trend - I'll be sure to provide updates on the evolving setups and triggers.
Comment:
Hi folks, you can see now, As I have TPed my long trade, and start building my short position now!