$ETH — I’m seeing a clean sell-side sweep and fast recovery.
Price flushed to 2,961, took stops below support, and bounced hard. Sellers failed. Buyers stepped in.
Market read:
Strong push down, long lower wick, range reclaimed. Volatility is up, so a reaction move makes sense.
Entry: 2,965 – 2,975
Targets:
TP1: 2,995
TP2: 3,040
TP3: 3,100
Stop-loss: Below 2,958
This is a simple sweep and reclaim. If this zone holds, move back to highs is likely. I’m comfortable while demand holds.
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