$ETH has pulled back as expected but I think there is a chance we may not yet be ready to take that downside liq just yet.
I like the idea of grinding higher and roping in some more longs before the eventual flush.
When we get these triple-tap bases, we will often pull back to the right "shoulder" or local demand formed by the 3rd "tap" before seeing continuation higher.
So while we've seen a deep pullback thus far it is nothing that we can't recover from if we are indeed going to continue a bit higher before the eventual flush.
On the upside I have my eyes on the $2800+ region which is local supply.
I like the idea of grinding higher and roping in some more longs before the eventual flush.
When we get these triple-tap bases, we will often pull back to the right "shoulder" or local demand formed by the 3rd "tap" before seeing continuation higher.
So while we've seen a deep pullback thus far it is nothing that we can't recover from if we are indeed going to continue a bit higher before the eventual flush.
On the upside I have my eyes on the $2800+ region which is local supply.
