sell on strength

Ethereum Approaching Critical Resistance for Short Opportunities

The short-term plans for #ETH involve closely monitoring a significant resistance zone (daily break point) previously identified. Currently, ETH is confidently approaching this resistance, prompting a decision on whether to consider a short position from this level. The strategy is to wait for the price to establish a true Intra-Trend High (ITH). If this occurs, a short position will be sought within a smaller timeframe (5-15 minutes) at a Point of Interest (POI) identified during the retracement, and the position will be opened from there. If the price does not set the ITH, the focus shifts to the $2878 level (Previous Market High), where a large portion of longs will be secured, as this target was pivotal for the price action. Continuous updates will be provided, and any short positions will be communicated promptly.
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AI Analysis

The current analysis centers on Ethereum's price approaching a key resistance zone that was highlighted in previous technical reviews. This resistance level acts as a crucial pivot point, offering pot...

AI Recommendation

Based on this analysis, it is recommended to wait for clear price confirmation before taking any action. If the price forms a true ITH within the resistance area, consider initiating a short position ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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