Another one where I had been waiting for a level. This one is high conviction, getting long at 680, with stop at 620 and target the last Point of Control of 755. Fundamentally also I believe Ether remains the most solid one among the majors, and would rebound the hardest when the crypto complex selloff stops. Would just like to mention that I am trying to keep most of the old annotations on the chart to show the consistency, but had to delete a few to make space. Attaching the old ideas so you can see the line of thinking.
Trade closed manually:
Time stopping the trade at breakeven 680. Expected the bounce to happen earlier. Will look at long again above 720, but expect ETH to consolidate for some time first or perhaps test further downside. Capital preservation is the top priority.
