ETHUSDT ! Price in range. Rollback from the liquidity zone 🤠

30 Jun 2022

ETHUSDT is trading sideways between 1260 and 1050 and the situation is quite classic when the price is trading both up and down from strong limit levels. At the moment, I see no prerequisites for the fact that the support level of 1050 can be broken down.

On the chart, we see how, after a false breakout of resistance, the price falls by 20% and tests support, I think that after capturing liquidity below 1050 (false breakout), the price may show us a small pullback.

I assume a false breakdown of the liquidity zone, a price return upwards beyond the level of 1050 and growth. Short term target is resistance at 1165.

Sincerely, R. Linda!

4 Jul 2022

Dagangan aktif

+6% in moment ✅🤩

Pay attention to how clearly the price observes the boundaries of the range. False breakdown, which was confirmed by price fixing above support and a strong impulse of 6%