markvarin1994

Today's ETH price action looks like something straight out of a textbook on technical analysis, where resistance becomes support. Depending on how adventurous you're feeling, you could:1. Go long now: Set a stop-loss around 2050 (better to choose a non-round number, e.g., 2053) and take profit before the upper support at 4110—say, around 3950. This would yield a reward-to-risk ratio of about 3.5, depending on your entry point.2. Wait for a pullback: If ETH drops to the support level around 2115 and holds, consider going long closer to that level, with the same stop-loss as above, and set take profit before the middle support around 2765. Depending on your entry, this strategy can offer a similar reward-to-risk ratio.3. Test the middle support: If ETH reaches the middle support at about 2815, observe its behavior. Should that mini-resistance convert into support, go long with a stop-loss at 2705 and take profit at 3950. This setup can provide a great reward-to-risk ratio, depending on where you enter.4. Consider a short: If the resistance around 2815 holds, you might short ETH and set take profit a bit before 2115. However, shorting crypto is quite adventurous for my taste—it's better to do so through options to avoid accidentally blowing up your account.