Ethereum Entry Levels

The market formed a new swing high which is lower the previous one. We can see the beginning of a correction movement on the daily chart and it's time to think about possible entry levels based on 4H chart. We can open short trades from the downtrend line everytime when price reverses from this line. Profit targets for short trades should be near 300.00 and 260.00 levels. Long trades can be opened only based on Fib levels and only after getting clear reversal signals. Profit target for long trades should be at the downtrend line.

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