ETH - quick retrace

ETHEREUM is overextended and should retrace to around 250. Then reevaluate if we are going even lower or if ETH establishes support and goes higher.

Zlecenie aktywne

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This is the plan. Scaled in here

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Ideally we would close under the channel, retest the break and dump lower

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MIddle channel line should be rejected soon and then this should unfold.

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Stops hit overnight.. entered partial again with the same idea only higher

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Ok, turbulent asf, I think this is it

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Looking like a wyckoff distribution UTAD forming, adding more to shorts here

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UTAD?

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image.binance.vision.../wyckoff_body_02.png

Zlecenie aktywne

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... hard lessons... everything about this was premature.

This is probably a more proper channel. Trade the exit

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This is what euphoria gives you. Sooner you retrace smaller the drops... more you climb sharper the drop

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This is really it.. drop incoming