looks like $ETH just caught the bears off guard. That massive short liquidation at $0.50486 is a classic signal—forced exits are fueling the move, and the price action shows real strength behind it.
When we see a squeeze like this, the key is the follow-through. As long as we hold above that squeeze level and don't immediately give back the gains, the bullish thesis is confirmed.
Here is the setup:
The Trade Plan
Entry Price (EP): $0.495 – $0.505
Take Profit 1: $0.535
Take Profit 2: $0.575
Take Profit 3: $0.645
Stop Loss (SL): $0.468
The Strategy
The line in the sand is $0.49. As long as we’re trading above that mark, the buyers are firmly in the driver's seat.
Pro Tip: Don’t FOMO into the green candles. Let the pullbacks come to the support zones rather than chasing the momentum. If the level holds, we’ve got a clear path higher.
ETH
2,835.99
-3.76%
BTC
86,259.09
-1.36%