Key insights for traders monitoring Ethereum ($ETH
Critical Levels:
Stop-Loss Level: $3,600
If $ETH reaches or exceeds this level, exit your positions and reassess.
Avoid reactive trading—observe market stability and consolidation before re-entering.
Resistance Break:
If $ETH breaks above $3,600, expect sustained momentum rather than an immediate retrace. Avoid impulsive re-entry. Wait for:
Clear consolidation signals indicating reduced volatility.
Confirmation of a stable trend.
Short Position Opportunity:
For those not in a short position:
Current levels present an opportunity with a stop-loss firmly at $3,600.
Ensure proper risk management before entering trades.
General Trading Advice:
Patience Wins: In a volatile market, impulsive trades can result in significant losses. Focus on calculated moves with proper analysis.
Discipline Matters: Prioritize long-term success over short-term gains.
Risk Control: Use stop-loss orders to safeguard capital in case of unexpected price movements.
Stay informed, stick to your strategy, and always base decisions on data-driven analysis.
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