$ETH
ETH this dip is about three points, and the volume is up 😤—clearly someone is getting急 to exit. The long/short ratio is 77% vs 23%, and the longs are crowded like a morning-peak subway, yet the price is still moving down—this setup feels a bit stifling. Positions haven’t really changed, which suggests it’s not panic liquidation; more like they’re slowly grinding it down. Three points isn’t that harsh, but with a high-volume bearish candle sitting there, if the rebound can’t get back above today’s opening level, the shorts will still have room to profit 😏. Keep an eye on the volume—wait for volume to shrink and selling to stop before thinking about anything else.
ETH this dip is about three points, and the volume is up 😤—clearly someone is getting急 to exit. The long/short ratio is 77% vs 23%, and the longs are crowded like a morning-peak subway, yet the price is still moving down—this setup feels a bit stifling. Positions haven’t really changed, which suggests it’s not panic liquidation; more like they’re slowly grinding it down. Three points isn’t that harsh, but with a high-volume bearish candle sitting there, if the rebound can’t get back above today’s opening level, the shorts will still have room to profit 😏. Keep an eye on the volume—wait for volume to shrink and selling to stop before thinking about anything else.
