So surely we should be biased short here?
Well really we need to wait for a bit more clarity, but it's good to be prepared.
Since I didn't buy the bottom of the range, what would make an entry?
A breakout and potential retest on a weekly scale, sure. But we might not get a clear retest. If you have that kind of patience, good on you.
If we get some market structure at this level next week on a daily timescale, instead of falling back out of the , and start to turn it into support, that would be my reason to long.
Reasons to look for setups include first and foremost, ETH/USD. It seems to be leading the majors, which is a super sign.
Not financial advice. Trade safe!
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