#Crypto_UB #ETH_Update Ethereum - This is a buy the dip (for | Insider leak of the day

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Ethereum - This is a buy the dip (for spot) area imo. We have swept the lows from the consolidation period that led to the move up and had a strong reaction based on that. The first immediate resistance is $1604.

The way to play this on spot is as follows: Enter a bit here, more at $1550, the remaining at $1470. I would personally be 70% filled after $1550. We have to think about it this way: the previous ATH took a few solid cracks before it was finally broken. if price is to fall back under that level without some sort of bounce before, that would be bad. That gives us a clear invalidation.

Despite what our emotions may be telling us, we have to take this as a buy the dip opportunity strictly based on the chart. We also have to keep the bigger picture in mind, the Bitcoin pair is still looking strong on the weekly, dips are gifts.

As far as a leverage position goes, I'm waiting for a reclaim of my range EQ ($1603) before considering a long position. https://www.tradingview.com/x/1l1qRFAH/