DOM and Footprint are the tools which i use to identify the BIG orders from which the price can bounce. I marked 2 vallue areas on the chart which can become the support for the price and the whales orders expected: 1. $1700-1800 - now the ETH inside this value area. If whales orders apear i`ll open trade with the short sl 2. $1450-1570 - closest and the last support before the local lows at $930.
The previous scenario is still relevant but pay your attenion to stock market indexes. If they will start to fall, the crypto will follow them too. In this case $1450-1570 value area can become the strong support.
📊 Preconditions to open a longs from the support areas: 🔥 BIG whales orders at DOM and Footprint 🔥 the volume growth which confirm the whales purchases 🔥 squeeze to the trendline what mean the upcoming breakout of this trendline 🔥 bullish BTC help ETH to reach all the targets
📊 The targets: 1. $2000 - the key level which become the huge resistance 2. $2350-2500 - the closest value area 3. $3000 - the important key level
🚩What do you think about this target for ETH? Is it possible to ETH reach all this targets in 1-4 weeks?
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.