strong buy
Ethereum Rebound Expected After False Breakdown Near Liquidity Zone
The chart demonstrates that ETH is forming an upward channel, with both highs and lows increasing.
Key points:
- Liquidity zone is between $2,200 and $2,330.
- Most stop-loss orders are located in this range, and the market tends to hit these stops.
I anticipate a false breakdown below this zone, which will trigger stop-losses, followed by a sharp reversal towards the $2,900–$3,000 range.
My recommendations:
- Trade wisely: avoid placing stop-losses where the crowd sets theirs.
- Watch the reaction around the $2,300 zone.
- A sustained move above this level indicates a bullish signal.
Wishing everyone profits, trade with caution.
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AI Analysis
The current technical analysis of ETH indicates a bullish trend within a well-defined ascending channel, characterized by higher highs and higher lows. The formation of this channel suggests that the ...
AI Recommendation
Given the analysis, it is advisable for traders to avoid placing stop-loss orders in areas crowded by the market (such as the liquidity zone). Instead, they should focus on observing the reaction arou...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.