🔹 Ethereum on the rise: time to go long?
Friends, over the past couple of weeks Ethereum (ETH) has been significantly outperforming BTC both in terms of price dynamics and volatility.
So let’s break down its chart and figure out — is it too late to buy, and is it worth going long?
🔤 In the last 4 days, ETH has gained more than 10% and is now consolidating around the $4,700 level.
Ahead, we have the $4,791: mark (see the chart attached to this post) — a fairly strong resistance level, from which we might see a local pullback.
📥 That’s why my approach right now is simply to watch how the asset behaves as it approaches $4,790:
• If the move is sharp and there’s no follow-through momentum after the breakout, I’ll take a short position (sell).
• If the move is smooth and gradual, I’ll be entering a long position (buy).
My most important rule is this: patience. Only those who approach the market carefully and analyze each trade properly make big money.
❕ I know this both from my own experience and from the experience of my successful trader friends, who have already made tens of millions of dollars from trading 🔥
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