$ETH This trade—I’m taking the loss.
It plunged along with the broader market overnight, hitting a low near 2060.
I made it crystal clear in my November 7 post: buy the pullback at 2210–2230, stop-loss at 2180, and get out if it breaks below.
The current price is 2157, still below the stop-loss level.
This trade is done. There’s no point sugarcoating it.
$BTC was pretty wild too.
It broke below 75000 intraday, hitting a low around 73500, though the support at 73163 held.
It’s now back above 75300, so it’s reclaimed that level for now.
But the weekly close at 8 o’clock is the real test. We’ll see then whether it can hold above 75000 and whether this will be five straight down weeks.
Two other levels broke overnight as well.
ZEC failed to hold support at 1246, bottomed at 1180, and is now around 1220.
XRP broke below its previous low of 1.1627, bottomed at 1.09, and is now at 1.13.
Honestly, there wasn’t any crypto-specific bad news behind this move. It was dragged down by the sell-off in AI stocks on the US market, compounded by ETF outflows of 1.28 billion last week.
I’m in no rush to catch a falling knife. I’ll wait until the weekly candle closes at 8 o’clock before deciding.
Personal analysis, not investment advice.
#ETH breaks below 2180
It plunged along with the broader market overnight, hitting a low near 2060.
I made it crystal clear in my November 7 post: buy the pullback at 2210–2230, stop-loss at 2180, and get out if it breaks below.
The current price is 2157, still below the stop-loss level.
This trade is done. There’s no point sugarcoating it.
$BTC was pretty wild too.
It broke below 75000 intraday, hitting a low around 73500, though the support at 73163 held.
It’s now back above 75300, so it’s reclaimed that level for now.
But the weekly close at 8 o’clock is the real test. We’ll see then whether it can hold above 75000 and whether this will be five straight down weeks.
Two other levels broke overnight as well.
ZEC failed to hold support at 1246, bottomed at 1180, and is now around 1220.
XRP broke below its previous low of 1.1627, bottomed at 1.09, and is now at 1.13.
Honestly, there wasn’t any crypto-specific bad news behind this move. It was dragged down by the sell-off in AI stocks on the US market, compounded by ETF outflows of 1.28 billion last week.
I’m in no rush to catch a falling knife. I’ll wait until the weekly candle closes at 8 o’clock before deciding.
Personal analysis, not investment advice.
#ETH breaks below 2180
