Posteo
$ETH The altcoin doesn't have much personality; it still depends on the big players. The strategy is simple: · If you want to long, wait for a strong volume to hold above 2371 before making a move. · If you want to short, consider it if the volume breaks down below 2245, just make sure to set a proper stop-loss. · For a safer approach, wait for a pullback around 2309 to hold before adding a long position, with a stop-loss set at 2277. Looking up, we need to hold above 2371 to target 2400 and 2423. If we get close to 2464, consider taking a short position, but if it breaks past 2500, don’t be stubborn—set your stop-loss. For those placing limit orders, if you’re long at 2252, you must exit if it breaks below 2218. For the altcoin to gain strength, it must break through 2380; if it can't, it's all fake. However, its lifeline is that bullish trend line below; as long as it holds, we can still ride the waves. If it breaks, 2325 is unlikely to hold, and we’ll really have to look down to 2296 and 2260. Upper resistance: 2371, 2400, 2423; lower support: 2344, 2308, 2277. In the end, remember the old saying: always set a stop-loss and don’t get emotionally attached to your trades. We’re here to make money, not just to have fun.
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