Just some basic support levels check on ETH. The 575 didn't act as a resistance on the upside but is acting as support on the downside. Rejected downward movement more than once at this level,so a close below 550-560 on the daily will take it straight to 465-475 which should serve as support.
P.S: This is my first trading idea, and I'm here to learn. No problem if you don't agree with my views. This isn't financial advice.
Trade closed: target reached
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ETH bounced back right off support at 460 as expected