$ETH
ETH holds ~$2,680 after yesterdays dump 🧐
Same as with BTC, there's no need to rush into positions now ⚡️
On Ethereum too, huge amounts of longs were liquidated yesterday. And we all know that the market makes its moves after max pain 👀
Therefore, my trade scenario's for the coming period are leaning more towards the long-side here. It's also very late for shorts 👌
Locally, and since its Friday today, I see mostly scalp-trades that could be interesting 👀
For longs, the sweep of the current ~$2,680 low could be interesting for scalp-longs after reversals/market structure breaks 👀
The HTF support for ETH is a bit lower, around $2,400-$2,600. When we retest that, I'll look for bigger long-trades after high probability-reversals 👀
Shorts are always a possibility of course, but scalp only and higher in price
When we grab liquidity above the ~$2,830 high, a scalp-short after confirmation could be nice 🔞
Reclaiming ~$2,830 triggers a scalp-long towards the ~$2,930 resistance level, which was our previous support 👌
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌