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Breakout of the local countertrend line.
In yesterday's ETH analysis, I said that if we break through the local countertrend, I expect to see a hike to $1235 (we went a little higher).
On the technical side, after the breakdown of the trend line, the asset is trying to gain a foothold above the local resistance of $1235-1245 and form support, but the pressure is still present and we are seeing classic takeaways, liquidity withdrawal.
While sticking to the plan in shorts:
▫️Entrance 1254/1265/1273.
▫️Stop - $1352.
▫️Taiki will be updated.
Above from the entry point, I placed limit orders, we may see volatility from the data. The first PMI data came out positive, but the market didn't feel it...
Breakout of the local countertrend line.
In yesterday's ETH analysis, I said that if we break through the local countertrend, I expect to see a hike to $1235 (we went a little higher).
On the technical side, after the breakdown of the trend line, the asset is trying to gain a foothold above the local resistance of $1235-1245 and form support, but the pressure is still present and we are seeing classic takeaways, liquidity withdrawal.
While sticking to the plan in shorts:
▫️Entrance 1254/1265/1273.
▫️Stop - $1352.
▫️Taiki will be updated.
Above from the entry point, I placed limit orders, we may see volatility from the data. The first PMI data came out positive, but the market didn't feel it...
