#MarketRebound
I think $ETH is one of the easiest swing trades right now.
This consolidation is continuously putting pressure on the weekly resistance and the bullish targets are very clear: 3.1k and 4.1k
There are some attractive levels just below us that I would like to sweep but not necessarily have to.
Looking at:
- Equal lows at 2462
- Daily FVG starting from 2323
The likelihood is very low that we see 2-2.2k but I will still consider positioning it as a retest of the Range Low. However, I would give it 5-10%.
With the above, in my opinion, this is the time to build a position, then accept what the market gives when the price drops but mainly look for the 4k area over time.