🌟🔍 Ethereum's Current Correction Phase 📉💠

13 дек. 2023 г.

🔻 Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5.

📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area.

🛒 Ethereum Buying Scenarios:

Entry in PRZ: Enter the PRZ box and look for a candlestick pattern or formation that indicates a bullish reversal. After receiving confirmation, you can consider buying with a stop loss below $1914.
Wait for Upward Movement: Wait for Ethereum to show support in this area and move upwards. Consider entering after a breakout above $2454.
💡 Personal Ethereum Strategy: Currently, I'm holding my Ethereum, utilizing it in DeFi to generate returns. I plan to continue holding as long as Ethereum stays within its ascending channel.

⚠️ Caution in No Trade Zone: Be aware of potential high volatility in the no trade zone.

📉 Short Position Strategy: For short positions, consider entering below $2024.

🔜 Future Updates on Targets: I will update the analysis with potential upward targets if Ethereum moves upwards.

🔑 Related Categories:

Ethereum Correction Analysis
Fibonacci and PRZ Analysis
Entry and Exit Strategies

📣 What’s your current approach towards Ethereum? Are you planning to buy, hold, or wait for further confirmation? Share your strategies! 💬🌐 #EthereumCorrection #CryptoTrading #TradeCityPro

📚 Remember: Cryptocurrency markets are highly volatile. Stay updated with market trends and manage your investments cautiously! 🧠💼