ETH - Spot entry
Updated
This is NOT a trade. This is intended for spot entries if you are looking for longer term holding investment
-We have now long consolidated above previous pivot points and above the values where most volume was prior to the moonshot to 4k.
-We are now nearly out of this new range (Green circled volume profile).
-By breaking 2.8k with confidence there stands nothing until at least 3.2k (Between arrowed red lines volume profile) I'd say a relatively safe and easy entry to step into the market with spot buys.
-Only a sudden black swan event would take the market to lower lows into the range where a lot of volume was traded previously. (Under the circled volume profile)
-We have now long consolidated above previous pivot points and above the values where most volume was prior to the moonshot to 4k.
-We are now nearly out of this new range (Green circled volume profile).
-By breaking 2.8k with confidence there stands nothing until at least 3.2k (Between arrowed red lines volume profile) I'd say a relatively safe and easy entry to step into the market with spot buys.
-Only a sudden black swan event would take the market to lower lows into the range where a lot of volume was traded previously. (Under the circled volume profile)
Order cancelled
Price as of writing = 28142.8k is broken on low volume. Reaching up to 2870-2890
Hedging short until more volume starts kicking in on pumps is one of the better moves right now
Trade active
Price as of writing = 2698From here on we reset and start looking for longs and exit our short hedge once the volume kicks in on pumps. By having hedged, we now have practically a better entry (2814-2608=100usd) even though we had already entered spot 2.7k previously.
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