ETH - Building Block 🏢

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

🏢 Imagine ETH is trading inside a building, and you are currently on the fourth floor.

📌 $3500 is currently your floor/support. For the bulls to take over, we need a break above $3600.

In this case, movement up to the ceiling at $4000 would be expected.

📌 Meanwhile, $3500 is the ceiling pushing the price down to the floor around $3000 - $3100.

Which scenario do you think is more likely to happen? Which floor is more likely to hold?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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TheSignalyst