đš $ETH ALERT: MASSIVE SELL WALL DETECTED! DO NOT BUY YET! đš
Crypto fam, let's look at the 15m chart for $ETH /USDT. Ethereum is bleeding, and the Order Book is showing something terrifying! đ
Here is the CryptoSensei Breakdown:
đč Price is currently at 1,933.49, trading below the 1H MA60 at 1,936.29. The bears are in full control.
đč Look at the Order Book at the bottom! 91.93% SELL vs 8.07% BUY. That is a massive sell wall! Sellers are blocking every attempt to push the price up. đ§±
đč We saw a heavy drop to 1,895.95 with high red volume. Panic selling is real.
đč Macro view: ETH is down -43% in 1 Year. This is a heavy downtrend.
My Trade Setup:
I am NOT buying this dip. With a 91% sell wall, I am looking for a SHORT setup on any small bounce towards the MA60.
đ Stop Loss: 1,940.00 (Above the MA60).
đŻ Targets: 1,927.82 âĄïž 1,900.00
â ïž Note: Never try to catch a falling knife when the Order Book is this heavily skewed towards sellers. Wait for the wall to break before going Long!
đ Click the $ETH tag below to trade on Binance and ride this downtrend! Are you shorting this too? Let me know in the comments! đŹ#
Crypto fam, let's look at the 15m chart for $ETH /USDT. Ethereum is bleeding, and the Order Book is showing something terrifying! đ
Here is the CryptoSensei Breakdown:
đč Price is currently at 1,933.49, trading below the 1H MA60 at 1,936.29. The bears are in full control.
đč Look at the Order Book at the bottom! 91.93% SELL vs 8.07% BUY. That is a massive sell wall! Sellers are blocking every attempt to push the price up. đ§±
đč We saw a heavy drop to 1,895.95 with high red volume. Panic selling is real.
đč Macro view: ETH is down -43% in 1 Year. This is a heavy downtrend.
My Trade Setup:
I am NOT buying this dip. With a 91% sell wall, I am looking for a SHORT setup on any small bounce towards the MA60.
đ Stop Loss: 1,940.00 (Above the MA60).
đŻ Targets: 1,927.82 âĄïž 1,900.00
â ïž Note: Never try to catch a falling knife when the Order Book is this heavily skewed towards sellers. Wait for the wall to break before going Long!
đ Click the $ETH tag below to trade on Binance and ride this downtrend! Are you shorting this too? Let me know in the comments! đŹ#
