ETH is overall bullish from a long-term perspective trading inside our brown channel and now approaching the lower bound / brown trendline, we will be looking for Trend-Following Buy setups
Moreover, the area 2450-2500 is strong support and demand zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of a horizontal support in blue and non-horizontal support in brown.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
