ETHUSDT back to 450$
After price tested 2200$ mark, which was an open short Hedge position of big ppl. price rejected the previous secure zone of this Short Hedge, = around 3200$
This rejection around 3200$ tells us that Institutions caught heavy short positions above 3200$ and didnt closed them yet bc they still secured 3200$ mark.
Right now Institutions have a last Long Hedge position open around 2900$, price will come back to 2900$ and they will close their long position BE to push price further down back to 450$ mark.
450 $ is target bc its clear that there will be the last Short Hedge Positons of Institutions gonna be closed BE.
This rejection around 3200$ tells us that Institutions caught heavy short positions above 3200$ and didnt closed them yet bc they still secured 3200$ mark.
Right now Institutions have a last Long Hedge position open around 2900$, price will come back to 2900$ and they will close their long position BE to push price further down back to 450$ mark.
450 $ is target bc its clear that there will be the last Short Hedge Positons of Institutions gonna be closed BE.
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