Every market suffers from volatility. Some markets are more sensitive than others. Commodities and currencies are known to be very volatile. The cryptocurrency space is much more volatile than any other market we known.
Today we talk about second largest coin — Ethereum!
Ethereum (ETH).
The second largest coin has just broken below an important level. The downward movement may continue to the level of 6713626 Satoshi. This opens an opportunity to place a short position with a stop-loss at 7200000 Satoshi. Lack of any important news or events we would interpret as a reinforcement of the short view.
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