Pair - ETH/USDT
Ethereum managed to tag 4000 psychological resistance and hit our first Mid term Target. I feel March 2024 highs should give it a pause and we must visit my First point of interest below $3.6k.
What i feel is going to happen is market makers may tag above 4k one more time, probably 4.1k, make everyone Bullish, gather aggresive late longs & then final flush with alts tanking more or we simply & slowly fall from here to 3600 region, consolidate there a little & then bounce back for a new ATH.
How to Play:-
If looking for short, good to short above 4k with stoploss above 4.2k targetting 3.6k
If looking to long:- put your bids below 3.6k & wait for market to fill it.
PS:- In bull market, it is always advisable to buy the dip rather than shorting it. So short it only if you're pro at risk management. I believe We'll definitely get a buying opportunity in next 2-4 weeks.
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