Check out the chart, fam!
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Titans Trading
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BearishANALYSIS #ETH ON 03/06: A BOUNCE TO LONG BEFORE THE LIQUIDATION?
ETH is currently around 1,924 after a dip down to 1,888. According to the market makers' view, the bottom sweep at 1,900 has occurred, so we shouldn't chase a short at the current price. The high-probability scenario is that the price will technically bounce up to the FVG zone above to sweep the shorts later, after which we'll decide on further exits.
24-hour view: prioritize waiting for a bounce to short. Attractive zone: 1,948–1,955, with higher levels at 1,970–1,988. If the price reaches these zones but fails to hold, we could look to short back down to 1,900 - 1,888 - 1,830.
Wait for ETH to bounce back to 1,948–1,955, then consider shorting, with a stop-loss above 2,005, TP1 at 1,900, TP2 at 1,888, TP3 at 1,830. If the price squeezes strongly up to 1,970–1,988 and shows a rejection wick, that would be a better short zone, with a good risk-reward ratio.
Wrong scenario: if ETH closes on H1 and holds above 2,005, the short position becomes invalid, and the price could squeeze up to 2,036–2,050.
3-week view: $ETH is still in a downtrend/technical bounce. A reversal is not confirmed until it reclaims 2,148–2,420. Below these levels, any bounce should still be seen as a selling opportunity.
Conclusion: no chasing longs, no shorting the bottom. Wait for a bounce up to the supply zone before making moves.
ETH is currently around 1,924 after a dip down to 1,888. According to the market makers' view, the bottom sweep at 1,900 has occurred, so we shouldn't chase a short at the current price. The high-probability scenario is that the price will technically bounce up to the FVG zone above to sweep the shorts later, after which we'll decide on further exits.
24-hour view: prioritize waiting for a bounce to short. Attractive zone: 1,948–1,955, with higher levels at 1,970–1,988. If the price reaches these zones but fails to hold, we could look to short back down to 1,900 - 1,888 - 1,830.
Wait for ETH to bounce back to 1,948–1,955, then consider shorting, with a stop-loss above 2,005, TP1 at 1,900, TP2 at 1,888, TP3 at 1,830. If the price squeezes strongly up to 1,970–1,988 and shows a rejection wick, that would be a better short zone, with a good risk-reward ratio.
Wrong scenario: if ETH closes on H1 and holds above 2,005, the short position becomes invalid, and the price could squeeze up to 2,036–2,050.
3-week view: $ETH is still in a downtrend/technical bounce. A reversal is not confirmed until it reclaims 2,148–2,420. Below these levels, any bounce should still be seen as a selling opportunity.
Conclusion: no chasing longs, no shorting the bottom. Wait for a bounce up to the supply zone before making moves.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.