Ethereum Analysis: Head & Shoulders Pattern Confirmed
Greetings everyone,
I am writing this post to share my recent experience trading Ethereum. I have been closely monitoring the 30-minute chart and have identified a Head & Shoulders pattern, which has since been confirmed with a break of the neckline.
To manage my risk, I have placed a stop loss at the halfway point between the two shoulders of the pattern. This will help me limit my potential losses in case the price moves against my position.
As always, it's important to keep a close eye on the market and be prepared to adjust your strategy as needed. I look forward to hearing your thoughts and insights on Ethereum's current price action.
I am writing this post to share my recent experience trading Ethereum. I have been closely monitoring the 30-minute chart and have identified a Head & Shoulders pattern, which has since been confirmed with a break of the neckline.
To manage my risk, I have placed a stop loss at the halfway point between the two shoulders of the pattern. This will help me limit my potential losses in case the price moves against my position.
As always, it's important to keep a close eye on the market and be prepared to adjust your strategy as needed. I look forward to hearing your thoughts and insights on Ethereum's current price action.