skfe

$ETHUSD Perfect Example of Support/Resistance.

BITSTAMP:ETHUSD   Ethereum
$ETH has provided us with many opportunities to profit.

This 4-hour chart is a perfect example. All the boxes represent support/resistance zones.

Each level was support and then became resistance or vice versa as the price continued higher. You can use these levels as "risk levels" for your entry and exit.

Each level is an opportunity to scale out or scale into your position. This provides us with many opportunities to profit.


S/R zones work and this is a perfect example of it.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.