$ETH
ETH
1,924.11
-2.12%
is testing yesterdays news-wick.
I'll keep it as clear as possible. My bias on Ethereum remains bearish until invalidated.
I'm willed to add shorts towards my ~$1,866 target, which is also my DOL, if the following happens.
We already tested 50% of the wick, so if we break market structure by losing the ~$1,957 low, I'm shorting the continuation to my DOL.
When we sweep the wick and form a MSB after, I'm also shorting towards my DOL. The H1 swing high at ~$2,047 is my invalidation for my bearish thesis.
If we mitigate liquidity below my the ~$1,866 low, I'll wait on high-probability reversals for longs.
I'm not closing 100% of my shorts at my DOL in case we see lower lows.
Let's see what the rest of the week brings.