👋I will share with you my vision on $ETH
👉There are many factors for opening a 🔴SHORT position:
🔹At the beginning of June, an imbalance was formed in the price on the daily chart, after which the price is testing this zone and forming OB 4H+FVG1H in it, which is a strong setup by itself, but that's not all.
🔹We removed liquidity at 2520~ 2570, after which the price was trading within a triangle, which we have already broken out of (and as practice shows, often triangles first take out one side and then the other (in this case, longs).
🔹The top of this triangle has just tested the zone I mentioned earlier, and today, already after the breakout of the triangle, we received a sweep and complete filling of inefficiencies.
🔹$BTC and SPX500 look similarly short, I wrote about this in the posts below, with setups and prices.
🔺What's next?
I think it would be wise to wait for a correction to the prices:
🔸2505
🔸2473
After this, I will consider only 🟢long setups. Leave comments if you share this opinion or if you are only waiting for a long on Ethereum?
