Also, TM entered the market at the lowest point.
It's already early in the morning. Yesterday, the starting point of ETH after the opening of the US stock market was 3883, rushing to 4011 and falling back. There is a certain selling pressure at the integer level here, and it is normal to step back a little. If you re-enter the market, what position will be more increasing?
eth: 4011-3883 = 128 pips (the lowest point is not to take the lowest point of 24H 3777)
128*0.5 = 64
128*0.618 = 79.104
4011-64 = 3,947
4011-79 = 3,932
So 3947-3932 can enter the market. In fact, the lowest so far has only stepped back to 3925 (close to 0.618), and it has now floated profit.
So 3880 stop loss is enough. If you don't break here, you won't stop at a new high.
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