$ETH already dumped hard and wiped out most of the buyers, so why would I still be looking to buy it here? 🔻
I'm taking a SHORT call on $ETH right now.
TP: $2,355 / $2,330
Invalidation: $2,395 👇🏻
Here's my thinking, guys. Buyers do have a support zone near $2,328, but before that level I don't see any strong area where I'd feel comfortable buying. Without a level like that, a bounce is just hope.
On top of that, there's too much liquidity sitting below, and price usually goes where the liquidity is. I expect it to push downside and sweep that pool first, and that's the reason behind this call.
If you were planning to catch the bottom here, I'd wait for price to reach that support first ❗️
I'm taking a SHORT call on $ETH right now.
TP: $2,355 / $2,330
Invalidation: $2,395 👇🏻
Here's my thinking, guys. Buyers do have a support zone near $2,328, but before that level I don't see any strong area where I'd feel comfortable buying. Without a level like that, a bounce is just hope.
On top of that, there's too much liquidity sitting below, and price usually goes where the liquidity is. I expect it to push downside and sweep that pool first, and that's the reason behind this call.
If you were planning to catch the bottom here, I'd wait for price to reach that support first ❗️
