Here I see a couple of possible trades on ETH, My view is Bullish, so long is my priority. The only thing is, BTC.D is sharply decreasing, but ETH still looks alright, and we all know, that the best time to buy something is when everyone are creating too much value for something else, ITs BTC in this scenario
1) in this case we can assume that 398-402 became a support, and i find it alright to open the trade near actual support levels, so you may try to catch it with the limit order and see how the bounce is going on and if it is going well your you can expect up to 12% grows
2) Second case is about a quick trade and entry based on two factors.
A) price will not bounce from mirror support level, but will go up. I my view, that would be a good way to grab some liquidity, hitting stop-losses of a Mirror level buyers, as we all know stops usually around 2-3% from the entry, THIS is my personal Entry
3) Last one is conservative near the proven support level
1) in this case we can assume that 398-402 became a support, and i find it alright to open the trade near actual support levels, so you may try to catch it with the limit order and see how the bounce is going on and if it is going well your you can expect up to 12% grows
2) Second case is about a quick trade and entry based on two factors.
A) price will not bounce from mirror support level, but will go up. I my view, that would be a good way to grab some liquidity, hitting stop-losses of a Mirror level buyers, as we all know stops usually around 2-3% from the entry, THIS is my personal Entry
3) Last one is conservative near the proven support level
Comment:
CASE 2, the one that I used player out, now its time to set a breakeven and just watch the market