🔴｜Today's ETH Market Analysis, Is It Bullish or Bearish?
————————————————————
ETH can also be analyzed from the heat map to identify the chip acquisition areas for early positioning. Why did it suddenly drop after reaching 2635 last night?
This position is where many stop losses or liquidation prices for shorts were set at 2600. The market makers are targeting your stop losses and liquidation prices. The liquidation heat map clearly shows that after hitting 2635, the area above became a vacuum zone, and it has not recovered since.
🔹 If you are trading from the left side, position for a short near the 2660 resistance, and switch to a long at the 2550 support.
🔹 If you are trading from the right side, short after breaking below 2550. If a false breakdown occurs and it quickly reverts back, immediately stop loss. The stop loss space is approximately 20-30 points, and for now, the downward target is 2390.
