ETH at the Hong Kong Open

ScalpWthMe Updated   
BINANCE:ETHBUSD   Ethereum / Binance USD

Ethereum is moving towards a level where many short sellers will have placed their stop losses. The market maker will take price up to that level, hit all the stop losses to grab liquidity and then reverse price back down.
They did the exact opposite with a stop hunt low. The trade remains valid but the reversal will likely come in the New York session.
Order cancelled:
No longer valid

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.