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12.04.2023 03:08 PM
Trading tips for Ethereum

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The pullback in Ethereum, which followed a very sharp growth early this week, left an area of seller liquidity at 1940.

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So now, there is a three-wave pattern (ABC) where wave A represents the buying pressure from early this week. Traders can enter the market by opening long positions from the 50% retracement level, with stop-loss set at 1828. Exit the market by taking-profit upon the breakdown of 1940.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and don't forget to control the risks! Have a nice day.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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