Hey guys and gals, here are the daytime market trends and levels
#ETH The major trend remains bearish, with no reversal. Looking at the daily and 4-hour charts, there is a possibility of a rebound to higher points. Therefore, if a rebound occurs, it’s best to mainly short on rallies. This morning, the 2024 rebound long positions have been partially reduced with stop-loss set to break even. Targets are around 2040, 2050, and 2070. Aggressive short positions are around 2048, with 2053 and 2081 also in play; 2094 is relatively safer (but may not be reached). Aggressive long positions are around 2002, with 1980, 1950, 1923, and 1905 also in consideration. Adjust the above levels for slippage, set stop-loss at 10 points, and take profit at 10 points for entry and exit. Safer levels can be used for more aggressive trading. Personal advice is for reference only. Use stop-loss orders, trade at your own risk. Come back in the evening. Stay safe.
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Hey guys and gals, here are the daytime market trends and levels
#ETH The major trend remains bearish, with no reversal. Looking at the daily and 4-hour charts, there is a possibility of a rebound to higher points. Therefore, if a rebound occurs, it’s best to mainly short on rallies.
This morning, the 2024 rebound long positions have been partially reduced with stop-loss set to break even. Targets are around 2040, 2050, and 2070.
Aggressive short positions are around 2048, with 2053 and 2081 also in play; 2094 is relatively safer (but may not be reached).
Aggressive long positions are around 2002, with 1980, 1950, 1923, and 1905 also in consideration.
Adjust the above levels for slippage, set stop-loss at 10 points, and take profit at 10 points for entry and exit. Safer levels can be used for more aggressive trading.
Personal advice is for reference only. Use stop-loss orders, trade at your own risk. Come back in the evening. Stay safe.