$ETH
Price is currently accumulating inside this triangle, preparing for a larger move.
There is significant liquidity sitting on both sides of the structure, which makes any breakout interesting for shorter-term scalp opportunities.
Ultimately, I expect both sides to get taken out before the next major move higher. There’s simply too much liquidity sitting around these levels for me to expect price to leave it untouched.
The question is just which side gets swept...
Price is currently accumulating inside this triangle, preparing for a larger move.
There is significant liquidity sitting on both sides of the structure, which makes any breakout interesting for shorter-term scalp opportunities.
Ultimately, I expect both sides to get taken out before the next major move higher. There’s simply too much liquidity sitting around these levels for me to expect price to leave it untouched.
The question is just which side gets swept...