
Daan Crypto Trades|May 12, 2025 15:50
ETH If you're sidelined and want to get in, you generally want to do it when you get some kind of flush and higher low.
For this I generally like to use simple Fibonacci retracements and horizontal levels.
Currently ETH is at an important level. If it loses this area we might visit one of those green boxes below. In that case you can simply wait for a consolidation to be formed at those levels and don't knife catch either.
Alternatively, if price keeps going up, maybe the currently level will become a nice retest of the horizontal. But at that point at least you have some of the high leverage flushed out as you're coming from higher prices.
Optimize your risk/reward.
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