ETHUSDT | The downward movement is not over, be careful!
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As expected after the Merge to see a downward movement, the asset tested the $1650 zone and got a bounce, the down trend continues!
▫️Before the update was released, I wrote a tradingview post that I placed my orders in the range of $1420-1450 in advance, while we see that the asset is approaching this range.
▫️But if we talk about a safe trade, then you can place orders lower, to a stronger support of 0.618 Fibonacci ($1300-1350)
▫️While I canceled the orders about which I wrote on tradingview, I want to watch from the outside, they can continue to shed there are assumptions about this
▫️They will continue to drain until the last retail investor, wait until everyone exits, after which they will start deploying. It will choke for a few more days, be careful!
As expected after the Merge to see a downward movement, the asset tested the $1650 zone and got a bounce, the down trend continues!
▫️Before the update was released, I wrote a tradingview post that I placed my orders in the range of $1420-1450 in advance, while we see that the asset is approaching this range.
▫️But if we talk about a safe trade, then you can place orders lower, to a stronger support of 0.618 Fibonacci ($1300-1350)
▫️While I canceled the orders about which I wrote on tradingview, I want to watch from the outside, they can continue to shed there are assumptions about this
▫️They will continue to drain until the last retail investor, wait until everyone exits, after which they will start deploying. It will choke for a few more days, be careful!
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