This is exactly what I was talking about last night on $ETH 👀
Everyone kept looking at $2,406 support and saying, “It held before, so it should hold again.”
But that was the trap.
$ETH had already reacted from that level multiple times. On the next test, buyers jumped in again expecting the same bounce… and this time the support finally gave up.
Once $2,406 broke, the move accelerated fast.
And our TP around $2,353 got hit almost perfectly.
That’s why I said yesterday: don’t just buy a support because it worked before.
Sometimes the more obvious a level becomes, the more traders pile into it… and when it finally breaks, all those buyers become part of the selling pressure.
Support held twice. Buyers trusted it again. Third time, ETH broke it and went straight toward our target.
That’s the kind of setup I like not chasing the candle after the move, but understanding why the move can happen before it happens.
Everyone kept looking at $2,406 support and saying, “It held before, so it should hold again.”
But that was the trap.
$ETH had already reacted from that level multiple times. On the next test, buyers jumped in again expecting the same bounce… and this time the support finally gave up.
Once $2,406 broke, the move accelerated fast.
And our TP around $2,353 got hit almost perfectly.
That’s why I said yesterday: don’t just buy a support because it worked before.
Sometimes the more obvious a level becomes, the more traders pile into it… and when it finally breaks, all those buyers become part of the selling pressure.
Support held twice. Buyers trusted it again. Third time, ETH broke it and went straight toward our target.
That’s the kind of setup I like not chasing the candle after the move, but understanding why the move can happen before it happens.