Guys $ETHFI looks like it's setting up for another leg down 📉
Entry: 0.7200 - 0.7220
🎯 TP1: 0.7100
🎯 TP2: 0.6950
Structure remains heavily bearish with price sitting well below moving averages and continuing its downward trend. Longs are currently trapped at over 64%, increasing the potential for long liquidation cascades.
Needs sellers to keep pressing price below 0.7183 support for continuation.
Keeping this one on watch 👀
Entry: 0.7200 - 0.7220
🎯 TP1: 0.7100
🎯 TP2: 0.6950
Structure remains heavily bearish with price sitting well below moving averages and continuing its downward trend. Longs are currently trapped at over 64%, increasing the potential for long liquidation cascades.
Needs sellers to keep pressing price below 0.7183 support for continuation.
Keeping this one on watch 👀