ETH - Buying timing and TPs

ETHUSDT
4H trend chart
-
ETH keeps falling after the double top formed since 19 Feb.
Further, it has met the final target at Fib 2($2539) and got support around here.
And we can see that ETH is trying to break out the downtrend line, if it can overcome the resistance, there is an entry for long.
Also, if it keeps going down, there is a good potential buying area around 2300~2500.
In a nutshell, it's better to buy it after breakout is confirmed, and trading strategy as below.
-
Profit Targets:
a) 2825.3----Fib(1)
b) 3056.65~----Fib(0.5)

Stop losses:
a) depend on the timing of breakout
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!

Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!