While I remain long-term bullish on ETH, I’m currently eyeing a potential short-term sweep of liquidity before continuation.
Price has formed a rounded top structure and is approaching a key 12h/1d liquidation zone near 3680–3700. I expect a potential fakeout to the upside, triggering stop-losses and short liquidations, before a reversal targeting the 3500–3400 area completing the rounded top structure, which also comfortably re-tests a bunch of unmitigated bullish FVGs, and also the 0.382 level since the major rally.
This is how I imagine the next leg up.
🔁 Trade Plan: small position size with 10x leverage on futures only. This is a counter-trend play against my main spot ETH position, which remains strongly bullish.
🚨 Not financial advice. Just sharing the setup I’m watching. Let’s see how it plays out.
Price has formed a rounded top structure and is approaching a key 12h/1d liquidation zone near 3680–3700. I expect a potential fakeout to the upside, triggering stop-losses and short liquidations, before a reversal targeting the 3500–3400 area completing the rounded top structure, which also comfortably re-tests a bunch of unmitigated bullish FVGs, and also the 0.382 level since the major rally.
This is how I imagine the next leg up.
🔁 Trade Plan: small position size with 10x leverage on futures only. This is a counter-trend play against my main spot ETH position, which remains strongly bullish.
🚨 Not financial advice. Just sharing the setup I’m watching. Let’s see how it plays out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.