liquidation at 2k3, what now doctor :(
Post
Trading_Future
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$ETH Update: ETH has some differences from BTC:
👉 There is no long bottoming in the rebound.
👉 The decline consists of 2 M5 candles at 8:35 8:40, with liquidation orders for Long and Short not as favorable as BTC (Short is not much greater than Long).
👉 Regarding liquidity, it is present below at 2600 and 2200.
👉 The liquidation below is currently quite uniform and extends to 2600.
🎁Conclusion: ETH does not have a better bottom than BTC, I think there is still a possibility of a sweep down to 2600, and even further to 2200.
💩💩💩ETH has 1 negative data point for the Black Swan scenario, where ETH could sweep down to 1800 || 1900, worse would be 1400 || 1500 (as there is a large Spot buy wall that was placed at 1800 1900 and then moved down to 1400 1500).
🌹 I will update you on any new developments with ETH.
👉 There is no long bottoming in the rebound.
👉 The decline consists of 2 M5 candles at 8:35 8:40, with liquidation orders for Long and Short not as favorable as BTC (Short is not much greater than Long).
👉 Regarding liquidity, it is present below at 2600 and 2200.
👉 The liquidation below is currently quite uniform and extends to 2600.
🎁Conclusion: ETH does not have a better bottom than BTC, I think there is still a possibility of a sweep down to 2600, and even further to 2200.
💩💩💩ETH has 1 negative data point for the Black Swan scenario, where ETH could sweep down to 1800 || 1900, worse would be 1400 || 1500 (as there is a large Spot buy wall that was placed at 1800 1900 and then moved down to 1400 1500).
🌹 I will update you on any new developments with ETH.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.