-> 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.