$ETH 4hr Chart update. Potential point for reversal or breakout.
ETH is making a strong recovery, breaking out of a key resistance level.
Bullish Scenario:
A close above $3,700 could lead to a rally toward $4,000 and beyond.
Bearish Scenario:
If ETH rejects from 3700 we can see levels of 3500, 3400 where we can enter longs
Monitor for a decisive close above $3,700 or a pullback to $3,500 for potential entries.
My PLAN:
Currently waiting on the sidelines to take proper enteries in LONG.
Remember:
•Never take impulsive trades. Wait for the market to give directional confirmation. Once you’re clear about direction only after that take trade.
•It’s better to trade less with winnings instead of trading more with losing.