As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (1450-1500)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the previous support and lower orange trendline. (trend-following setup)
Zone 2: (around 2k)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 2k and upper orange trendline. (over-bought / over-extended area)
Unless ETH breaks the 2k upward aggressively, then we will be looking for buy setups on its retest, just like we did on the previous ATH around 1500.0
As per my trading style:
As ETH approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a /top pattern, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
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