1. Support and Resistance Levels:
Support: The price level where ETHFI tends to find buyers and bounce back.
Resistance: The level where ETHFI faces selling pressure and struggles to break above.
Identify these levels by connecting historical highs and lows on the chartÂč.
2. Entry Levels:
For long positions, consider buying near strong support levels.
For short positions, look for resistance levels to enter.
3. Current and Previous Values:
Current price: Check the latest market data.
Previous values: Review historical prices to spot trends.
4. Ups and Downs:
Observe price fluctuations over different time frames (e.g., 1 day, 7 days, 30 days).
5. Breakout Opportunities:
A breakout occurs when price surpasses a key level (support or resistance).
Consider trading breakouts with proper risk management.
:Remember, technical analysis is essential, but always combine it with other indicators and risk management strategies. Happy trading! đđ
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