ETH is trapped in a 12H “pain corridor” after false breakouts above $2,608.13 and below $2,406.63 wiped out late buyers & shorts. Here’s the refined playbook:Context & Observations
• 12H range: $2,406.63–$2,608.13
• Liquidity grabs above & below, now coiling mid-range
• Volume cluster around $2,506 hints at pent-up energy
• Market structure leans bullish for a breakout
Plan & Levels
• Primary: Hold longs through the range, target $3,164.51 (0.618 Fibo) on a clean 12H close > $2,608.13
• Alternative: On a retest of $2,406.63–$2,500, add or reinforce longs if support holds
• Stop-loss: 12H close < $2,406.63
Triggers
– 12H close > $2,608.13 → priority long entry
– Fake downside breakout & swift reclaim of $2,406.63 → buy signal
– Volume surge on breakout for confirmation
Conclusion
Both longs & shorts have been flushed. Now wait for a decisive exit above $2,608.13 before chasing the move up to $3,164.51. Patience is your edge. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.