ETH has broken down from its recent range, showing lower highs and consistent selling pressure. I’m watching for one more leg lower into the $3,300 area.
Why $3,300?
A clean sweep here would trap shorts and flush out late longs, setting the stage for a strong bounce.
Setup Plan:
Short-term bias: Bearish, expecting continuation lower into ~$3,300
Will not long until we get a reaction at that level
Long trigger: Strong bounce/reversal signals at $3,300 zone
Targets on the bounce: $3,500 → $3,650 → $3,800
Stop loss: Below $3,250
ETH likely has one more dip before setting up for a cleaner move higher. Patience pays here.
Why $3,300?
A clean sweep here would trap shorts and flush out late longs, setting the stage for a strong bounce.
Setup Plan:
Short-term bias: Bearish, expecting continuation lower into ~$3,300
Will not long until we get a reaction at that level
Long trigger: Strong bounce/reversal signals at $3,300 zone
Targets on the bounce: $3,500 → $3,650 → $3,800
Stop loss: Below $3,250
ETH likely has one more dip before setting up for a cleaner move higher. Patience pays here.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.