I know ETH and other crypto currency’s are extremely HIGH in price but yet look like it will continue up.
Just remember NOTHING never just keep going up. Levels are reached so you question yourself on a few things
1: how long is it taking to push through, retesting zones, and new break out level zones?
2: how far is it from the 200 MA & 50 MA
3: what are previous retracing habits (every pair is different) example: do it retrace a full 50% , 32% ,23%.
4: found that zone/price, set your stop or limit order and have patience. trust the market!
Also be on the look out for support and resistance along the way to assure the levels are not changing because THATS what changes during chart movement NOT, what day action will occur. Honestly that’s the part we don’t know and will lose or miss out trying to figure it out.
Just remember NOTHING never just keep going up. Levels are reached so you question yourself on a few things
1: how long is it taking to push through, retesting zones, and new break out level zones?
2: how far is it from the 200 MA & 50 MA
3: what are previous retracing habits (every pair is different) example: do it retrace a full 50% , 32% ,23%.
4: found that zone/price, set your stop or limit order and have patience. trust the market!
Also be on the look out for support and resistance along the way to assure the levels are not changing because THATS what changes during chart movement NOT, what day action will occur. Honestly that’s the part we don’t know and will lose or miss out trying to figure it out.
