$ETH just printed a +$200 squeeze wick to $2,668, and every single late buyer got dumped on in minutes.
Price is now crashing back into former range resistance at $2,520–$2,535.
Here is the exact execution plan: do NOT chase shorts into this support shelf. The best risk/reward setup is bidding the $2,520–$2,535 S/R flip pocket, targeting a relief bounce back toward $2,600.
Hard invalidation rule: you MUST keep a hard stop loss at $2,495.
A single 1H close below $2,500 means the entire breakout was a trap—cut it immediately, no averaging down and no holding without a stop.
Price is now crashing back into former range resistance at $2,520–$2,535.
Here is the exact execution plan: do NOT chase shorts into this support shelf. The best risk/reward setup is bidding the $2,520–$2,535 S/R flip pocket, targeting a relief bounce back toward $2,600.
Hard invalidation rule: you MUST keep a hard stop loss at $2,495.
A single 1H close below $2,500 means the entire breakout was a trap—cut it immediately, no averaging down and no holding without a stop.
