It’s always best to ignore the noise and follow your conviction. This was my setup yesterday 👇. But i close my trade In loss on @Nika_Finance because of CT noise and now it’s going to my direction.
ETH remains structurally bearish on the higher timeframe, but recent price action suggests a short term bullish retracement is unfolding. After the aggressive selloff that pushed price below the psychological 2000 level and into the 1975–1980 region, sellers appeared exhausted and price responded with strong upward displacement. This indicates that liquidity below recent lows was likely swept, trapping late sellers and creating room for a recovery move.
The current move looks more like a relief rally rather than a full trend reversal, with price now attempting to target overhead liquidity zones where shorts have likely placed stops.
The key area to watch is the 1998 2002 region, which acts as the preferred mitigation zone if price retraces. As long as ETH remains above the recent sweep low, buyers maintain short term control.
Trade Setup
Entry: 1998–2002
Stop Loss (SL): 1972
Take Profit (TP):
• TP1: 2020
• TP2: 2030
• TP3: 2040 2050
The idea is simple: liquidity below was swept, buyers showed strong reaction, and price now has a higher probability of seeking liquidity above before the market decides its next major direction.
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