ETH - Long-Term Trend-Following Setup 🏹

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

After rejecting the 2000 resistance, ETH has been bearish short-term making lower lows and lower highs on H4.

🏹 Here is why the 1750 zone marked by purple circle is a strong support:
1- Round number => 1750
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Demand zone

📈 As per my trading style:
As ETH approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, 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