Ethereum: How to Trade at Key Support Zones
The buyers could not push the price above 400USD and stay there. It gives us a situation when the sellers can step in and push the price down.
If the price breaks 385USD support, it will give a solid bearish signal. The 1st target will be 360USD support. If the price continues the downward movement, the 2nd target will be 300USD.
The price action at 385USD, 360USD, and 300USD will be able to give different trading opportunities in both directions.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks 385USD support, it will give a solid bearish signal. The 1st target will be 360USD support. If the price continues the downward movement, the 2nd target will be 300USD.
The price action at 385USD, 360USD, and 300USD will be able to give different trading opportunities in both directions.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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