I wanted to share some important levels in the ETH/USD pair that we're currently trading. It's crucial to note that Bitcoin (BTC) is currently in a deep supply zone, and as alts often follow BTC's trajectory, we might see a decline in altcoins as well if BTC starts declining. Keep a close eye on the ETH channel, and be mindful that we're navigating within a monthly bearish order block. This situation could turn quickly, leading to liquidation or other outcomes.
In the attached image, we're aiming to close TP3 at 75% of resistance within the channel. We'll keep a small portion running, considering the probability that we might turn the range bullish. If the last portion is stopped, we're still in a significant profit overall.
Wishing you successful and cautious trading!
In the attached image, we're aiming to close TP3 at 75% of resistance within the channel. We'll keep a small portion running, considering the probability that we might turn the range bullish. If the last portion is stopped, we're still in a significant profit overall.
Wishing you successful and cautious trading!
CORE-5 Tradecraft™ | Built for serious traders.
Learn how price actually moves — not signals, bots, or retail noise.
Daniel Fadelay — 17+ years in the markets.
🎓 Free Course → bit.ly/4liniOv | Site → danielfadelay.com
Learn how price actually moves — not signals, bots, or retail noise.
Daniel Fadelay — 17+ years in the markets.
🎓 Free Course → bit.ly/4liniOv | Site → danielfadelay.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CORE-5 Tradecraft™ | Built for serious traders.
Learn how price actually moves — not signals, bots, or retail noise.
Daniel Fadelay — 17+ years in the markets.
🎓 Free Course → bit.ly/4liniOv | Site → danielfadelay.com
Learn how price actually moves — not signals, bots, or retail noise.
Daniel Fadelay — 17+ years in the markets.
🎓 Free Course → bit.ly/4liniOv | Site → danielfadelay.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.