Important Price Point to decide short-term movement, As ETH has broken the long-term resistance and trendline, the medium to long-term outlook is bullish and it would be wise to go long. If the price point breaks the trendline and crashes it would be a good point of entry.
Long positions could be entered above the support zones with stop loss according to risk-reward ratio comforts.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
Long positions could be entered above the support zones with stop loss according to risk-reward ratio comforts.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.