ETH needs to break resistance red line to continue the recent bounce. If it goes below 0.618 line, I willl open short. IMO the recent pump was a bull trap and it is more likely that ETH will go down again.
POSTING FOR MYSELF FOR FUTURE REFERENCE. DON'T TAKE ANY WORD OF MINE AS ADVICE.
POSTING FOR MYSELF FOR FUTURE REFERENCE. DON'T TAKE ANY WORD OF MINE AS ADVICE.
Trade closed: stop reached:
Red trendline was broken and a few days later ETH price rocketed. I was wrong on it not breaking it but when it broke, I knew ETH was going up.