My main battleground today is ETH. After a surge this morning, Ethereum has entered a consolidation zone, currently oscillating around 3200 while waiting for direction. Looking at the liquidation heatmap, there are $132m in liquidation positions between 3200 and 3250, and $163m between 3200 and 3150. So, I think the bears are likely to push upwards for a quick spike before a slow decline, triggering both long and short liquidations. I’ve placed a short order at 3250 to see if I can catch the spike 🧐 #NFA
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My main battleground today is ETH. After a surge this morning, Ethereum has entered a consolidation zone, currently oscillating around 3200 while waiting for direction. Looking at the liquidation heatmap, there are $132m in liquidation positions between 3200 and 3250, and $163m between 3200 and 3150. So, I think the bears are likely to push upwards for a quick spike before a slow decline, triggering both long and short liquidations. I’ve placed a short order at 3250 to see if I can catch the spike 🧐 #NFA