👋I want to share with you a brief overview of $ETH
Right now we are stuck between two interesting zones, and we have accumulated liquidity for both long and short setups.
🟢LONG
- First, I am interested in the double lows that formed around 2375~
- After taking out these local minima, immediately below them is an inefficiency zone (FVG 4H 2375~2325) which could serve as the first area for accumulating positions.
- There is a possibility of full filling of the inefficiency zone, and the formation of a setup.
🔴SHORT
- If we first go to take liquidity at 2520, 2568, above them is a zone that could provoke further movement downwards: an inefficiency zone on 1H+ order block at (4H 2626~2679)
- A good zone because we received a reaction from partial filling (FVG 1D 2644~2743).
👉Given such uncertainty, what should we do?
- Watch for $BTC ; this will help us adjust the picture for the future
- Watch for SPX500; the opening of funds after the withdrawal could be decisive in choosing further positions
🩸Right now, I am more inclined towards a short correction, as I hold a short position on BTC. Let's hold on, keep an eye on it, and please share your thoughts on these two assets; I would be interested to read different viewpoints
