🚀 ANALYZING $ETH: Strong Support or Bear Trap? 📉
Hello, traders! The market is not just Bitcoin. Today we will apply our analysis concepts to Ethereum ($ETH), the second largest cryptocurrency.
1. 🔍 The Key Zone of Ethereum
Ethereum has been repeatedly testing the critical zone of $3,400 - $3,500 USD.
Remember (Part 1): This zone was Resistance and is now acting as Support.
The Challenge: If this floor holds, $ETH has a clear path to seek the next Resistance (possibly near $3,700 USD).
2. 🛡️ R:R Opportunity (Risk/Reward)
If $ETH bounces in this zone (look for a strong green candle, Part 2!), this is the setup for a PRO trade:
Risk: Place your Stop-Loss just below the key Support, for example, at $3,350 USD. (Apply your 1% Rule!).
Reward: Look for the Resistance near $3,700 USD.
✅ This gives us an excellent R:R Ratio of 1:3 or more, ideal for a PRO trader (Part 5)!
3. ⚠️ The Risk Scenario (Plan B)
If the price DECISIVELY BREAKS the Support of $3,400 USD with a large red candle:
Action: Blindly trust your Stop-Loss at $3,350 USD.
Discipline: Don’t fall in love with an altcoin. If the plan fails, the Stop-Loss saves your account.
Keep applying your knowledge! If you can analyze Bitcoin and Ethereum, you can analyze almost any asset.
👇 Question for the Community: What other altcoin should I analyze next week (Solana, ADA, Doge)?
remember to click on the pinned post on my profile $ETH
