#ETH $ETH
Yesterday afternoon, although it made a new low for the second time, trading volume shrank noticeably. It is now entering the discount zone; the FVG area is around 2086–2110. This is intraday support and also the area with the densest short-term liquidity. However, the overall downtrend remains unchanged, so the general approach is still to focus on short positions. Entry levels to watch are around 2131–2147. A second entry strategy is to continue monitoring the 30-minute OB area, around 2230, if price breaks above 2147 intraday. Aside from that, it is not recommended to keep chasing shorts intraday if price breaks down while at strong daily-chart support.
Yesterday afternoon, although it made a new low for the second time, trading volume shrank noticeably. It is now entering the discount zone; the FVG area is around 2086–2110. This is intraday support and also the area with the densest short-term liquidity. However, the overall downtrend remains unchanged, so the general approach is still to focus on short positions. Entry levels to watch are around 2131–2147. A second entry strategy is to continue monitoring the 30-minute OB area, around 2230, if price breaks above 2147 intraday. Aside from that, it is not recommended to keep chasing shorts intraday if price breaks down while at strong daily-chart support.
