$ETH data release negative news hit the market rapidly, creating a waterfall drop and wick insertion to shake out positions and contracts; but after it was fulfilled, the price stopped falling and stabilized, with funds and buy-side orders around 2400 forming a strong support. To stay steady, I personally chose to enter from the right side of the chart. So don’t ask me why I didn’t bottom-fish at the bottom (I mentioned this in the afternoon—the position sizing and trading style are different). Going forward, watch Friday’s CPI data and next week’s Federal Reserve meeting. Brothers—this time the play is really coming!
#eth