ETHEREUM/USDT
Looks like is making inverse head and shoulder.
This is a long term trade
Let the other shoulder complete, then after breaking the neckline (4000-4300 almost) upwards. That will be a good buy
The target is upto 6000-6500
But there are always two price actions ( bullish and bearish ).
After breaking the neckline, our stop loss should be below 3500. As the market is not in our control, we can only do one thing and that is managing our risks.
There can also a fake out and again the market can drop. For this, stop is our real friend.
Trader:
SYED MUDASIR SHAH
Penafian
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