$ETH That wick down didn’t draw blood—instead, it scared the bears away.
ETH had been sliding steadily, dropping to 2692. Those who needed to cut their losses did, and the crying in the group quieted down. Then one huge bullish candle pulled it straight back up—a classic fake breakdown and real shakeout, designed to trick people into handing over their coins.
Price got hammered again and again in the 2690–2700 range, but never broke below it. The lows stopped moving down, too, which suggests buyers are waiting below to scoop things up. The bears have been hammering away for ages, and their punches are getting weak.
We may see another short-term retest, so don’t panic. As long as 2700 holds, it’s a chance for those who missed the move to get on board. Plan: scale in between 2700 and 2710; first targets are 2750–2770, then 2800 if price holds above that range. Set your stop below 2680.
If you’re unsure which way things are headed, come discuss it with us at Jucai Manor! #币安推出BinanceIntelligence
ETH had been sliding steadily, dropping to 2692. Those who needed to cut their losses did, and the crying in the group quieted down. Then one huge bullish candle pulled it straight back up—a classic fake breakdown and real shakeout, designed to trick people into handing over their coins.
Price got hammered again and again in the 2690–2700 range, but never broke below it. The lows stopped moving down, too, which suggests buyers are waiting below to scoop things up. The bears have been hammering away for ages, and their punches are getting weak.
We may see another short-term retest, so don’t panic. As long as 2700 holds, it’s a chance for those who missed the move to get on board. Plan: scale in between 2700 and 2710; first targets are 2750–2770, then 2800 if price holds above that range. Set your stop below 2680.
If you’re unsure which way things are headed, come discuss it with us at Jucai Manor! #币安推出BinanceIntelligence
