DenisTrofimov

ETH Etherium False Breakout?

BITMEX:ETHUSD   None
The buyers need to keep the momentum going otherwise we will test the main Support Level $202-204. On the first test from above, I expect a bounce, but if we test it again we will dive in deep into the middle of the range with a lot of trapped buyers. The whole ETH updrend and breakout is questionable and has many chances to fail. Its not a reason to not trade the uptrend, just do it carefully with stops.

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