ETH/USDT : Last stand before diving to $600

11 May 2022

ETHUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

ETH has broke below the macro bullish trend zone.
Now there's a local S/R line located at $2200 and So, If we get any closing below, Then it'll clear the patch to $1700's local low!
So this opportunity will comes with a solid trading plan.
If we get the closings below $2200 then we can locate our Short on a proper retest of broke line and aim for the lower second base at $600.

📚 You may ask your self that why I mentioned $600 as my final target !?
The answer is simple; Just take a look on the chart below:

There's an indicator names ETH Log Curve Zones, Which'll help you to identify the best spots to locate your pressure levels!
As you can see on record, There's a high accuracy level of bottom detection based on the indicator's zones...

Take Short once we get the daily closes below the marked line at $2200 or a weekly close below $28800 on BTC.
🔻 Entry Points : $2300 - $2200 - $2100
📍Targets : $1970 - $1750 - $1450 - $1060 - $815 - $600
🟥 Overall stop-loss : $2600 ( Active management - Two full body close | Candle close above the mentioned red zone )

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
Helical_Trades