The price came back above 200.00 support level and broke the downtrend line. It's a signal that probably we'll see a new upward movement. We must be ready to join the main up trend. Entry level for long trades should be above 226.50 level. Stop orders must be placed below 176.50 level. Profit targets are 300.00 and 400.00 resistance levels.
Thanks chief for your valued opinion and analysis. Great work
PatrikasVilkas
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Can someone please explain me i tried googling it but no info found. What does it mean: Stop orders must be placed below 176.50 level ? Thanks guys really
alexb123
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@PatrikasVilkas, stop loss for margin trading. It will sell your ETH under $176.50 to prevent further losses