$ETH
Today we swept the liquidity above the local high, rejected immediately, and are now about to close this daily candle below.
This is a super bearish signal, as all the lows remain untouched, meaning there is massive liquidity sitting below price.
From a risk-to-reward perspective, shorts are just clearly favored here.
That’s why I entered this 1:8R short position, targeting the range lows:
Entry: $2.344
Targets: $1.825 – 1.575
Stoploss: $2.438
