I shared this chart over the weekend, talking about a black hole which was formed in this upper region.
you can view that post right here
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now i'm not sure about a downside target since the ethereum count is quite complex for my level of experience - but i do think we could easily sweep the lows to get rid of all of the recent high leveraged longs which were opened since the evening of 12\4.
i mentioned in a recent video that if we were to break down beneath this trendline, that i'd be the first to short it - well I did, and I got filled right at that algo target ✨
best of luck!
you can view that post right here
👇
👇
----
now i'm not sure about a downside target since the ethereum count is quite complex for my level of experience - but i do think we could easily sweep the lows to get rid of all of the recent high leveraged longs which were opened since the evening of 12\4.
i mentioned in a recent video that if we were to break down beneath this trendline, that i'd be the first to short it - well I did, and I got filled right at that algo target ✨
best of luck!
Trade closed manually:
closed at breakeven ~
market flipped my level into support
market flipped my level into support