ETH/USDT 3D
Why do I expect price to move below 1005 USDT?
Firstly, let's look at the chart.
What can you can read from the chart?
What do I expect will happen based on my readings?
Price is currently between 2 local PoCs. Structure has very weak lows (2 weak lows) which is an opportunity to collect liquidity (SL of bulls). I believe price will move down below 1005 USDT.
Firstly, let's look at the chart.
What can you can read from the chart?
- Price is between 2 local PoCs
- Price has created 2 weak lows (can be seen on lower timeframes)
- Volume is decreasing while the price is moving sideway-> bigger move is incoming
What do I expect will happen based on my readings?
Price is currently between 2 local PoCs. Structure has very weak lows (2 weak lows) which is an opportunity to collect liquidity (SL of bulls). I believe price will move down below 1005 USDT.
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