Market Correction or New Trend? 📉
The charts are looking a bit heavy today! We’re seeing a significant drop to the $1,849 level, with the price currently sitting below our major moving averages (MA7, MA25, and MA99).
Observation: The high volume on those red candles suggests some strong selling pressure.
Strategy: I’m watching the $1,840 support level closely. If we hold here, we might see a bounce, but RSI (not shown but implied by momentum) is likely feeling the heat.
Are you buying this dip or waiting for a clearer reversal signal? Let me know below! 👇
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ETH
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