ETH under 2400 again and honestly the chart just looks tired.
CPI came in hot, yields jumped, and roughly $294M in ETH got liquidated in a day. like 90% of that was longs. so the guys who “bought the dip” at 2500 are basically the ones paying for this move.
what im watching:
2355ish. the 100 day EMA sits right there too. if that goes on a daily close i dont see much stopping a trip to 2200.
on the upside i only start caring again above 2500 (50 EMA around 2498).
personally not touching longs here. flat and waiting. if i had to trade it id keep the SL tight under 2340, not some 10% stop and pray. nfa, just how im playing it.
also kinda funny that rate hike odds went from 22% to 35% off one print and everyone’s acting shocked lol
so where’s your SL right now? or are you running no stop loss and vibes 😅
$ETH
#EthereumDropsBelow $2400 #ethertook60percentofcryptoliquidations #CPIWatch
CPI came in hot, yields jumped, and roughly $294M in ETH got liquidated in a day. like 90% of that was longs. so the guys who “bought the dip” at 2500 are basically the ones paying for this move.
what im watching:
2355ish. the 100 day EMA sits right there too. if that goes on a daily close i dont see much stopping a trip to 2200.
on the upside i only start caring again above 2500 (50 EMA around 2498).
personally not touching longs here. flat and waiting. if i had to trade it id keep the SL tight under 2340, not some 10% stop and pray. nfa, just how im playing it.
also kinda funny that rate hike odds went from 22% to 35% off one print and everyone’s acting shocked lol
so where’s your SL right now? or are you running no stop loss and vibes 😅
$ETH
#EthereumDropsBelow $2400 #ethertook60percentofcryptoliquidations #CPIWatch