ETH in a bear trap or full on bear market?
Bear trap
If we break the 270 barrier quickly (24 hours), we will shift to a new channel, and next stop is 360 euro by the end of the month
Bear market
We are gonna go to 150 or 120 very very quickly
How to trade:
Bear Trap:
Buy in if we break resistance at 270 (wait for 3 green candles on 12h chart and 275 value) place your buy orders at 275-280 stop loss at 265, profit target is ATH 350+
Bear Market:
We will have to re-evaluate once we hit 150 or 120.
If we break the 270 barrier quickly (24 hours), we will shift to a new channel, and next stop is 360 euro by the end of the month
Bear market
We are gonna go to 150 or 120 very very quickly
How to trade:
Bear Trap:
Buy in if we break resistance at 270 (wait for 3 green candles on 12h chart and 275 value) place your buy orders at 275-280 stop loss at 265, profit target is ATH 350+
Bear Market:
We will have to re-evaluate once we hit 150 or 120.
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