Ethereum(ETH) follows our previous scenario! Trading idea is so important for trader because you know when you will open a trade and if price follow your scenario you know what you will do 100%.
Trading conditions: 1. $3042-3185 has stopped the DUMP - ✔ 2. false breakout - ✔ 3. volume growth - ✔ 4. small consolidation before breakout - X 5*. trendline squeeze at the lower timeframe - X
The rise could be because of the liquidation of short traders. They could be the fuel for this growth. Keep an eye on the following ideas so you don't miss a trade entry!
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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.