Ethereum Analysis; Simple Price Action And Locking In Gains

Hey Traders,

The longer you leave profit taking, the larger the risk of not realizing profits you are taking.

This is something traders struggle with often as they do not understand the long term viability of any market and the study of higher time frame price action.

Seeing where orders are going in, and out of markets at any time is key.

You do this with simple price action rules.

הערה:

Consider locking in gains. Shorts must be miniscule if taken.

הערה:

And further falls may come. Awaiting news sentiment.

הערה:

Further rejection creeping into market as expected at current risk level. Not enough movement for any new entries.

הערה:

Still no short. Ultimate TGT considered circa 786 and 886 fib area.

הערה:

Very much ideal to lock in gains on re push after this latest price rejection.

הערה:

If out on fall, Re short higher into weekend

הערה:

Remember, no new longs unless you get huge pullbacks. Diminished longside value.

הערה:

Stalling occurring as we reach historical PA. Levels Tested. This can only occur so many times, so proportionate gain taking to overall risk VS equity.

הערה:

ETH pushing out of line higher VS BTC. certainly time to lock in gains. Would not be surprised if short side inflows occur soon at extremes.

הערה:

You can see we are at the FIB levels mentioned (PA area 2).

הערה:

and short side value taken by many. Still no longs until you can see significant falls.

הערה:

No new longs until nearer 3300. Exit shorts similarly if taken.

הערה:

Exit longs taken for gains on push.

הערה:

further eth push, make sure you lock in gains.

הערה:

Study liquidation areas noted for next rally. Markets likely to repeat.

הערה:

No ideal long zones until much lower.

הערה:

Same area 3X. Still hold off longs.

הערה:

Longs only light (slightly lower)