Structure Update 🔍
Big picture first: as outlined in Sunday's Weekly Outlook, ETH confirmed an internal shift on the swing level. The path towards ~$2,000 remains the thesis.
But let's zoom in.
The bearish push was stopped by an old +OB at ~$2,262. From there, ETH has printed an internal shift on the 1H – but the price action is wicky, without real impulse. That tells me we're likely in a pullback of the bearish move, not a reversal.
Trading longs in this environment is possible – two small +OBs have been respected in this pullback. But I personally don't like what I see. Wicky, choppy, no conviction.
Personally, I want to be invested above Equilibrium. My preferred short entry sits at the -OB zone between $2,400 and $2,460.
Until then – no position. Letting the market show its hand.
Trade your plan. I share mine.
Big picture first: as outlined in Sunday's Weekly Outlook, ETH confirmed an internal shift on the swing level. The path towards ~$2,000 remains the thesis.
But let's zoom in.
The bearish push was stopped by an old +OB at ~$2,262. From there, ETH has printed an internal shift on the 1H – but the price action is wicky, without real impulse. That tells me we're likely in a pullback of the bearish move, not a reversal.
Trading longs in this environment is possible – two small +OBs have been respected in this pullback. But I personally don't like what I see. Wicky, choppy, no conviction.
Personally, I want to be invested above Equilibrium. My preferred short entry sits at the -OB zone between $2,400 and $2,460.
Until then – no position. Letting the market show its hand.
Trade your plan. I share mine.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。