Lingrid | ETHUSDT potential PULLBACK trade

١٦ يوليو

The price perfectly fulfilled my previous idea. It hit the target level. ETHUSDT is experiencing a pullback after breaking out of the downward trendline, which previously acted as strong resistance. Given this context, it's likely that the trendline will provide strong support if the price tests it. The price has already broken through the resistance level where we saw a price rebound earlier. On the daily timeframe, yesterday's close showed a strong bullish candle. I think that the price may pull back about a third of the range from yesterday's high to low, before making another push upwards. My target is previous resistance zone 3625.00

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻