-> After washing out a significant amount of late shorts from the previous dump, ETH is now tapping into a clear Order Block combined with the 0.886 Fibonacci retracement of the last swing high.
-> Most of the liquidity remains sitting below current price, with multiple imbalances formed underneath.
-> Obviously on the higher timeframes there are still plenty of shorts above, but for the short-to-mid term horizon, that selling pressure has largely been cleared out.
-> I like this setup because we’re at a key resistance zone, yet the long positions that entered lower are acting as strong magnets with limited short interest remaining in the near-term structure.
-> On top of that, after the strong rally over the past week, the 4H RSI is starting to push into overbought territory.
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.