Conclusion first: news is just a catalyst; structure is what matters.
Data: After being liquidated, Huang Licheng deposited another $250,000 to go long, bringing the total value of his long positions to about $5.88 million.
$ETH Current: 2235.78, 4h +0.12%, 24h -3.9%.
With bearish news, first watch whether the previous low holds; if it breaks, look to the next support level.
#ETH
Data: After being liquidated, Huang Licheng deposited another $250,000 to go long, bringing the total value of his long positions to about $5.88 million.
$ETH Current: 2235.78, 4h +0.12%, 24h -3.9%.
With bearish news, first watch whether the previous low holds; if it breaks, look to the next support level.
#ETH