Yesterday's review Last night, the price dipped to 3192, most likely to wipe out long positions' stop losses and form a 2B pattern. So what is "2B"? It is when the candlestick quickly breaks below the white line and then quickly recovers. At this point, you can open a long position at the current price, with a stop loss at the low of that candlestick (small stop loss, high return). Today's outlook Weekend liquidity decreases On smaller timeframes, watch for resistance zones above 3482-3520 Support zones below are 3332-3364
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#eth
Yesterday's review
Last night, the price dipped to 3192, most likely to wipe out long positions' stop losses
and form a 2B pattern.
So what is "2B"? It is when the candlestick quickly breaks below the white line and then quickly recovers. At this point, you can open a long position at the current price, with a stop loss at the low of that candlestick (small stop loss, high return).
Today's outlook
Weekend liquidity decreases
On smaller timeframes, watch for resistance zones above 3482-3520
Support zones below are 3332-3364