I’m going to open a BIG SHORT on $ETH here.
TP: $2,322
SL: $2,462 👇🏻
The part I can’t ignore is what’s sitting underneath price right now.
There's around $229.39M in long liquidations between $2,240–$2,320, while $ETH just pushed into the upper area and sellers immediately started showing up again.
That makes this level interesting for me.
A lot of longs are still comfortable here, but if $ETH starts slipping, that huge liquidity pocket below can quickly become the place price wants to visit next.
I’m not expecting some slow boring move either. If selling really starts, $2,322 can come much faster than people think.
That’s the setup I’m taking. 👀
TP: $2,322
SL: $2,462 👇🏻
The part I can’t ignore is what’s sitting underneath price right now.
There's around $229.39M in long liquidations between $2,240–$2,320, while $ETH just pushed into the upper area and sellers immediately started showing up again.
That makes this level interesting for me.
A lot of longs are still comfortable here, but if $ETH starts slipping, that huge liquidity pocket below can quickly become the place price wants to visit next.
I’m not expecting some slow boring move either. If selling really starts, $2,322 can come much faster than people think.
That’s the setup I’m taking. 👀