#ethfi̇
ethfi̇
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ANALYSIS #ETHFİ ON 04/05: MM PUMPING TO TAKE LIQUIDITY, GUYS DON'T FOMO TOO EARLY
ETHFI is currently around 0.4224. 24-hour outlook: the price seems to be trending upwards as MM looks to pull it up to grab liquidity above. Key levels to watch are 0.4308–0.4358, with a potential wick reaching up to 0.4370–0.4388.
If the price closes a candlestick clearly above 0.4358 and holds on retest, then we can consider a real breakout, with the next targets being 0.452–0.458. Conversely, if it hits the 0.4308–0.4358 zone and gets a wick down, the likelihood is high for a bull trap to sell off again.
Preferred setup:
Wait for the price to pull back to 0.4162–0.4098 to set up a LONG.
SL: below 0.4050.
TP1: 0.4308
TP2: 0.4520
TP3: 0.4680
3-week outlook: if #ETHFI holds the 0.405–0.409 zone and breaks above 0.452, the price could open up a move back to 0.532.
Conclusion: don’t chase LONG at 0.422–0.425. Wait for MM to wick or pull back to demand before entering.
ETHFI is currently around 0.4224. 24-hour outlook: the price seems to be trending upwards as MM looks to pull it up to grab liquidity above. Key levels to watch are 0.4308–0.4358, with a potential wick reaching up to 0.4370–0.4388.
If the price closes a candlestick clearly above 0.4358 and holds on retest, then we can consider a real breakout, with the next targets being 0.452–0.458. Conversely, if it hits the 0.4308–0.4358 zone and gets a wick down, the likelihood is high for a bull trap to sell off again.
Preferred setup:
Wait for the price to pull back to 0.4162–0.4098 to set up a LONG.
SL: below 0.4050.
TP1: 0.4308
TP2: 0.4520
TP3: 0.4680
3-week outlook: if #ETHFI holds the 0.405–0.409 zone and breaks above 0.452, the price could open up a move back to 0.532.
Conclusion: don’t chase LONG at 0.422–0.425. Wait for MM to wick or pull back to demand before entering.
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