$ETHFI โ From breakout to beatdown... and maybe a bounce? ๐ฅ
$ETHFI spiked like a rocket, tapping $1.657, then nosedived back down to earth โ now holding at $1.503. Still up +17% on the day, but letโs be real: the smart money already took profit. ๐๐ธ
๐ The Real Story:
โข Low to high: $1.245 โ $1.657
โข Huge green candle (likely whales or coordinated buys)
โข Sharp rejection โ classic bull trap vibes
โข Current action? Choppy recovery, not clean trend
๐ง Breakdown without the hopium:
๐ Down -7.1% on the day, despite being up over +110% in 7 days
๐ Order book still leaning bullish: 61% buyers
๐ 30-day gain: +237% โ but this is where the late FOMO crowd gets hurt if they chase
โ ๏ธ What this chart screams:
โข โI just pumped hard, now Iโm confused.โ
โข This is a cooling phase after an over-extended move.
โข Look at those red candles after the top โ exit liquidity confirmed.
๐ฌ Trading Psychology Tip:
You don't buy the greenest candle โ you buy when everyoneโs scared. Right now, $ETHFI is in correction mode, but still showing buyer interest.
This is where smart traders wait for confirmation, not pray for reversal.
๐งญ What to do now?
If you're in profits โ protect them.
If youโre eyeing an entry โ wait for consolidation or a clean breakout above $1.57+
No guessing โ let the chart talk. ๐ฏ
๐ข TL;DR:
ETHFI flew, flopped, and might stabilize โ but weโre not in moon-mode anymore. Donโt follow green candles. Follow logic. ๐ก
#ETHFI #NoFOMO #ChartTalk #DYOR #Binance
โ ๏ธ Not financial advice. Itโs just me, a trader whoโs seen way too many fake breakouts to stay silent.