ETH/USD Position Update



Still holding that short from the recent highs - been in it for a few days now. Current view? We're locked in a range: $3060 on top, $3005 at the bottom.

Pretty straightforward from here - whichever side breaks first, that's where the trade is. Break up = long opportunity. Break down = add to shorts.

Honestly though? I'm leaning bullish for a liquidity grab above $3060 first. Market loves hunting stops up there before the real move. That's the setup I'm watching.
ETH-0.31%
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DefiOldTrickstervip
· 12-07 14:57
Ha, it's the same old trick of "dump first, then pump" again. That pile of liquidation orders at 3060 is enough for Market to take a bite.
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not_your_keysvip
· 12-07 14:56
I've been watching the liquidity hunt around 3060 as well, and I'm already prepared to get swept.
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GateUser-44a00d6cvip
· 12-07 14:55
All gains before the 3060 breakout are just paper profits; patiently wait for the hunt.
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LiquidityWhisperervip
· 12-07 14:55
I'm also waiting for this wave of stop-loss hunting at 3060; the market always uses the same tricks.
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retroactive_airdropvip
· 12-07 14:45
If 3060 can't be broken, I'll keep shorting. It's that simple.
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UncleWhalevip
· 12-07 14:41
This breakout battle really depends on whether 3060 can hold; it feels like big funds are lying in wait up there.
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