📈 I have opened a new long at $ETH — it is not a signal, it is analysis based on structure and experience.
In the previous analysis, the long was closed at stop loss after the recent strong REKT of the market thanks to correctly managing a SL we protect the capital. Still, we continue reading the structure.
🔍 In the 4H chart, the price fell due to the recent REKT to the zone of $4,250, where it has reacted as support and is leaving a clear lower wick, a sign of rejection.
📊 In the 1H chart, ETH has just crossed a liquidity swing left since September 12 in the zone of $4,350.
This could act as a liquidity sweep in the short term, attracting retail sales that interpret a false breakout.
🙋 I am also retail, but I operate under the principles of Smart Money Concepts (SMC).
From that perspective, the price is in a clear discount zone, with an RSI in extreme oversold, coming from 18 points.
🎯 Strategy:
— Entry: current zone (around $4,300)
— TP: $4,450 (next technical resistance)
— SL: $4,250 (behind the rejection wick in 4H)
📌 Sometimes the analysis fails, but the important thing is to continue managing risk and refining the reading of the market.
Do not trade the impulse. Trade the structure.
