ETHUSD D1: Suckers rally / Sell the news / The Merge DUMP (NEW)

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ETHUSD D1: Suckers rally / Sell the news / The Merge DUMP (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: ETHUSD daily chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: 5 waves sequence / Bears maintain control
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: Merge is a ZERO impact event
::: Will be sell the news after Merge
::: short-term suckers rally possible
::: 24-48 hours max to trap degen gamblers
::: Expecting new wave of selling after Merge
::: recommended strat: SHORT any rips/rallies
::: after the Merge. DO NOT BUY/HOLD.
::: 30-40% correction possible next
::: 4-8 weeks in September/October
::: right now no upside in this market
::: position traders should wait for
::: better entry after the Merge event
::: BULLS higher risk strat: NO VALID STRATEGY
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +40% gains - near 750-850 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BULLS/SUCKERS RALLY

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