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Folks, let's take a trade. Ethereum's major resistance is about to arrive, and only heaven knows how long I've been waiting for it!
Ethereum Direction: Short
Entry: Around 2240
Take Profit: Level 1: Around 2140 (play it safe) Level 2: Around 2080
Stop Loss: A slight break above 2260.
Reason: There is very strong resistance around 2240-2250 on Ethereum. We can short here when approaching this level, using small capital to chase big gains.
Personal thoughts: Don't place orders at round numbers—they're hard to fill. Place your order slightly below the resistance zone for easier execution. Lately there have been many false breakdowns and false breakouts, so to prevent this situation, we'll set our stop loss a bit higher, lower our risk-reward ratio, and significantly increase our win rate to trade. $ETH