After breaking above $4000, Ethereum boosted confidence among many holders — and a large number of traders entered right at that level.
But Bitcoin’s sharp drop triggered massive stop-loss hits across the market, revealing that the breakout was fake and most likely a stop-hunting move.
That’s why we saw such a deep correction.
I personally exited around $3800 with a small loss, and I shared the signal in the link below.
Even I was trapped by this fake breakout.
📉 Next support levels:
$2500
$1500
What’s your outlook?
But Bitcoin’s sharp drop triggered massive stop-loss hits across the market, revealing that the breakout was fake and most likely a stop-hunting move.
That’s why we saw such a deep correction.
I personally exited around $3800 with a small loss, and I shared the signal in the link below.
Even I was trapped by this fake breakout.
📉 Next support levels:
$2500
$1500
What’s your outlook?
Trade fechado: objetivo atingido
On Ethereum, I still believe $1,500 is a significant buying level for long-term holders. With the possible policies of the new US Federal Reserve Chairman, it could go even lower.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.