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Afternoon, ETH open interest (OI) is up +10% (~300k ETH) over the weekend, but the price of ETH is down only a few % compared to Friday. The market is aggressively shorting ETH.
Long.
Etherium may be lifted to close the Gap at CME around 1326 from current.
Short
Wait for reaction on bitcoin and short to $1,200 .
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well and a few more secrets, this material is not a trading recommendation )))
Afternoon, ETH open interest (OI) is up +10% (~300k ETH) over the weekend, but the price of ETH is down only a few % compared to Friday. The market is aggressively shorting ETH.
Long.
Etherium may be lifted to close the Gap at CME around 1326 from current.
Short
Wait for reaction on bitcoin and short to $1,200 .
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well and a few more secrets, this material is not a trading recommendation )))
