#Ethereum Resistance + Trend Line Strategy
Forgot to mention before about colored lines.
My Fibonacci Retracement Levels Strategy.
Check my pinned article where I shared all my levels and strategy.
LIVEvsanchez
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$ETH Resistance + Trend Line Strategy
Hey traders! Today, I'll share a powerful strategy - Resistance and Trend Line Strategy. It combines technical analysis and price action to find entry and exit points. Trend lines connect highs or lows to show market direction. Resistance levels are areas where prices struggle to break through. To use the strategy, look for a confluence of a trend line and resistance level. If price shows rejection near this confluence, consider selling. If price breaks through with strength, consider buying. Use risk management and confirm with indicators or candlestick patterns. Practice in a demo account and consider market news. Enjoy trading with this strategy!
#TradingTips #TechnicalAnalysis #Ethereum
Hey traders! Today, I'll share a powerful strategy - Resistance and Trend Line Strategy. It combines technical analysis and price action to find entry and exit points. Trend lines connect highs or lows to show market direction. Resistance levels are areas where prices struggle to break through. To use the strategy, look for a confluence of a trend line and resistance level. If price shows rejection near this confluence, consider selling. If price breaks through with strength, consider buying. Use risk management and confirm with indicators or candlestick patterns. Practice in a demo account and consider market news. Enjoy trading with this strategy!
#TradingTips #TechnicalAnalysis #Ethereum
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