👀 Big move in $ETH: −6.0% over 24h
Now 1 930, right at the bottom of its 24h range: 1 917 to 2 054.
Volume over the last 3 hours is 3.0x the daily hourly average.
If it pushes through 2 054, the next area is 2 122 (+9.9%).
Downside scenario: a close under 1 917 and 1 849 (−4.2%) comes into play.
Either way, the idea is wrong once price closes back through 1 985 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
These are range levels, not a prediction. Moves like this fade as often as they continue.
What's your read?
Not a recommendation.
#ETH #VektorDaily
Now 1 930, right at the bottom of its 24h range: 1 917 to 2 054.
Volume over the last 3 hours is 3.0x the daily hourly average.
If it pushes through 2 054, the next area is 2 122 (+9.9%).
Downside scenario: a close under 1 917 and 1 849 (−4.2%) comes into play.
Either way, the idea is wrong once price closes back through 1 985 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
These are range levels, not a prediction. Moves like this fade as often as they continue.
What's your read?
Not a recommendation.
#ETH #VektorDaily
