ETHUSDT: Brace for pullbacks
Greetings!
As we all witness the strong bullrun from the beginning of 2023, I am now expecting the price to pullback a bit before resuming the uptrend.
As they say, what goes up must come down (at least for a correction) so, after seeing the price getting rejected at the 1677 level by a strong liquidity zone, all we needed was just a confirmation in order for the pullback to be valid. Price dropped from that zone, made a deeper consolidation and right now it started to drop again, breaking the 15 min trendline.
One more thing that I will look after rn is a small flag before entering any sell setups. I expect this to only be a correction in the bigger picture and I'm waiting for the bullrun to resume after this move is completed. My target will be around the 1400 area.
Trade with care. NFA
As we all witness the strong bullrun from the beginning of 2023, I am now expecting the price to pullback a bit before resuming the uptrend.
As they say, what goes up must come down (at least for a correction) so, after seeing the price getting rejected at the 1677 level by a strong liquidity zone, all we needed was just a confirmation in order for the pullback to be valid. Price dropped from that zone, made a deeper consolidation and right now it started to drop again, breaking the 15 min trendline.
One more thing that I will look after rn is a small flag before entering any sell setups. I expect this to only be a correction in the bigger picture and I'm waiting for the bullrun to resume after this move is completed. My target will be around the 1400 area.
Trade with care. NFA
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