$ETH
I should clarify - "retrace done" in regard to the latest rotation on the 1hr timeframe.
I still think 3600 is a pretty serious level and wouldn't feel comfortable opening new swing positions until we put in a clear sideways range OR we retrace to a lower level. Former being my base case.
Primary scenario: range between 3360-3675 before higher.
Fallback scenario: Retrace to ~ 3.2k before higher.
Example:
31.3K
128
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.