🩸 Closed at 6.9830 — that 15m candle, $UNI , plunged and punched straight through 6.9940.
Volume surged to 2.8x, with price and volume moving down together. It looks brutal.
Price is 4.47% below the top of the moving-average cluster; the 96-bar low has already touched -4.61%.
Bulls and bears lay their cards on the table:
💀 Bears: A high-volume breakdown, the low has given way, and there’s more dumping to come.
🛡️ Bulls: 1d is still above the bullish cluster, and 4h is making a bullish pullback — a shakeout, not distribution.
But I’m not taking either side ⚠️
The 1h is already bearish, and MACD is still below zero.
No longs on the 1h; keep the higher-timeframe direction in mind.
📌 Plan: No position.
Wait for price to climb back above the top of the moving-average cluster at 7.3098 and stabilize.
Only act if it holds; if it doesn’t, keep waiting.
🎯 6.9830 → 7.3098, a 4.47% gap.
Would you wait for it to climb back on its own, or bet that it keeps breaking lower?
#ETH #BTC $ETH $BTC
Volume surged to 2.8x, with price and volume moving down together. It looks brutal.
Price is 4.47% below the top of the moving-average cluster; the 96-bar low has already touched -4.61%.
Bulls and bears lay their cards on the table:
💀 Bears: A high-volume breakdown, the low has given way, and there’s more dumping to come.
🛡️ Bulls: 1d is still above the bullish cluster, and 4h is making a bullish pullback — a shakeout, not distribution.
But I’m not taking either side ⚠️
The 1h is already bearish, and MACD is still below zero.
No longs on the 1h; keep the higher-timeframe direction in mind.
📌 Plan: No position.
Wait for price to climb back above the top of the moving-average cluster at 7.3098 and stabilize.
Only act if it holds; if it doesn’t, keep waiting.
🎯 6.9830 → 7.3098, a 4.47% gap.
Would you wait for it to climb back on its own, or bet that it keeps breaking lower?
#ETH #BTC $ETH $BTC