-> 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
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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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.