2023-04-09 17:45:24
#REVIEW ETHEREUM SHANGHAI UPGRADE (part 2)
In fact I really consider only
two outcomes:
1. Fakeout of $2k. This one is the
nastiest scenario you can think of! Just imagine the price
deviates above range high and $2k psychological level, this is
super bearish! In this case, I will look for
shorts below the
$2k level.
2. Instant dump to 0.5 Fibo. With Bitcoin unable to break the resistance, this scenario is very possible. No tricks, no traps, just rock solid
sell the news and
sell the unlock. This is more complicated outcome to trade, as 0.5 Fibo can work as a support, but also can send the price down to 3 digits. I will look at #BTC mostly, as levels there are more clear!
If you are in #ETH heavily, consider
selling some, especially in case of fakeout of $2k! If you are in dollar, wait for a correction or for a clean reclaim of range high to get in!
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