$ETH The best hold isn’t really at the current price ($2,069) - we’re in a gray zone.
Two scenarios:
1.Hold if you want to wait for a bounce: Be patient until the price shows a bullish candlestick at support $2,061 - $2,040. The daily RSI is at 43 and the MACD histogram is slightly positive - the bearish momentum is starting to weaken, but it’s not confirmed yet.
2.Reduce your spot if it fails: As soon as the daily candle closes below $2,040, cut your position by 30-50%. It’s better to sell at a small loss than to wait for it to hit $1,920.
Two scenarios:
1.Hold if you want to wait for a bounce: Be patient until the price shows a bullish candlestick at support $2,061 - $2,040. The daily RSI is at 43 and the MACD histogram is slightly positive - the bearish momentum is starting to weaken, but it’s not confirmed yet.
2.Reduce your spot if it fails: As soon as the daily candle closes below $2,040, cut your position by 30-50%. It’s better to sell at a small loss than to wait for it to hit $1,920.