Just a few days back, we spotted the breakdown on $AVAX with clear acceptance below the Value Area — signaling buyer exhaustion and triggering our short entry.
📉 Trade Recap:
Entry: ~$18.60–19.00
Target 1: Hit ✅ (+14%)
50% profits secured
Stop-loss moved to entry (risk-free)
💡 Why It Worked:
Volume profile showed no buyer support below VA = failed auction
Broader altcoin market under pressure from heavy spot selling
BTC held range lows — pausing further breakdown (for now)
🚨 ETH BREAKDOWN CONFIRMED 🚨 Price just broke down from value — targeting $2,155 (Weekly Level) 📉
📌 Why I’m Bearish From the Top: – ETH + Altcoin leverage hitting ATHs due to ETF hype – Even volume profile → now thin moves down – Spot selling every pump | leverage chasing highs
🧠 ETHBTC trend may reverse one day — but don’t time bottoms. React to trend changes. Not emotions.
📉 First daily close below $0.92 – the former range low. 🟢 Potential bid zone now between $0.73 – $0.79 ⚠️ Short positions can be considered with invalidation above $0.96
I clearly said price accepting below the value area almost certainly meant lower, the draw marked on the chart ended up providing a nice 7% move, you can take profit on this first bounce (as mentioned in the previous update and trail stops after that)
OR - wait to see how price is reacting to previous hourly highs at $37 and potentially ride this higher
Sol is at key inflection point here, if you're a long enjoyoor, you simply wait for prices to get above the anchored vwap, from there you can expect a move towards the high marked above with invalidation right below the recent low. If price fails to trend here, I'd look at the low below to position myself for a V reversal if conditions allow for it
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Elite Entry
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