$ETH Everyone, I'm opening a large SHORT position on $ETH here.
TP: $2,245
SL: $2,309 👇🏻
Because $ETH has broken through the level, but honestly, the upward momentum doesn't look strong enough to trust.
Price has moved above this level, but momentum is fading, and there's still a clear liquidity zone below that could be swept first.
That's why I'm not chasing the breakout.
In my view, this looks more like a weak bounce than a clear continuation move.
If the bulls can't hold this area, I think it could drop back down pretty quickly.
I'm entering a SHORT position here and watching the liquidity zone below.
TP: $2,245
SL: $2,309 👇🏻
Because $ETH has broken through the level, but honestly, the upward momentum doesn't look strong enough to trust.
Price has moved above this level, but momentum is fading, and there's still a clear liquidity zone below that could be swept first.
That's why I'm not chasing the breakout.
In my view, this looks more like a weak bounce than a clear continuation move.
If the bulls can't hold this area, I think it could drop back down pretty quickly.
I'm entering a SHORT position here and watching the liquidity zone below.
