ETH's Nov 8 candle is now final: spiked to 2,245, dumped to 2,050, closed 2,126 — a long lower wick, but still a red close.
Read both halves of that sentence. The 76-dollar reclaim off 2,050 proves someone is collecting. The red close proves they aren't announcing it. Bids without offense — that's the honest state of this market right now.
Two structural confirmations this morning: the 25D MA (2,320) has crossed under the 99D (2,377) — the death cross is official, so "oversold" is not a bullish thesis yet. And funding has flipped negative (-0.0075%): shorts now pay, and open interest has already been cut two rounds. Fresh shorts from 2,133 face 2.5% of room against a 3% stop — odds inverted.
My cards stay unchanged: fade a stalling retest at 2,279-2,306; follow a daily close under 2,050 toward the August zone 1,950-1,870; and if a sweep of 2,050 ever closes green on volume, I switch seats.
Today's candle is 100 minutes old. The exam resumed at 08:00 — I'm reading, not answering.
$ETH $BTC $SOL
(Personal trade journal, not financial advice. DYOR.)
Read both halves of that sentence. The 76-dollar reclaim off 2,050 proves someone is collecting. The red close proves they aren't announcing it. Bids without offense — that's the honest state of this market right now.
Two structural confirmations this morning: the 25D MA (2,320) has crossed under the 99D (2,377) — the death cross is official, so "oversold" is not a bullish thesis yet. And funding has flipped negative (-0.0075%): shorts now pay, and open interest has already been cut two rounds. Fresh shorts from 2,133 face 2.5% of room against a 3% stop — odds inverted.
My cards stay unchanged: fade a stalling retest at 2,279-2,306; follow a daily close under 2,050 toward the August zone 1,950-1,870; and if a sweep of 2,050 ever closes green on volume, I switch seats.
Today's candle is 100 minutes old. The exam resumed at 08:00 — I'm reading, not answering.
$ETH $BTC $SOL
(Personal trade journal, not financial advice. DYOR.)
