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...
BINANCE:ADAUSDT
Typically this should be the first test after the broke out of bull market support band, I would expect it to be 5-10% around (at 4 h level) 20 EMA/SMA or Bollinger band MID. I will buy when 1 h RSI keeps nicely above 50 with a golden cross of stochastic RSI.
BINANCE:AAVEUSDT OKX:BTCUSDT.P
Would like to see it gets supported in a 4 h level but the 1 h Bollinger band may support it, I have opened an initial position (buy 1) and would like to add a hedge until it reaches my buy 2.
