James - Pump Trading

This chart is still carrying the weight of a larger downside impulse. The dominant move isn’t subtle: ETH sold off aggressively from the upper range, broke prior structure, and forced price into a new, lower regime. That matters, because everything happening now is a reaction to that damage, not a fresh trend yet.
The most important feature on this chart is the blue horizontal level around 1,890–1,900. You can see it clearly acting as a demand reference. Price sold hard into it, flushed stops below, then snapped back with a sharp reaction. That wick isn’t random. It tells you sellers pressed too far, too fast, and got met by real buying interest — likely short covering mixed with responsive demand.
Since that bounce, ETH hasn’t impulsed higher. Instead, it’s grinding sideways and slightly down, compressing just above that same support. This is classic behavior when sellers fail to extend after a breakdown. Momentum has cooled, ranges have tightened, and price is spending time above the level it was supposed to lose. That’s information.
What’s also notable is the absence of aggressive continuation selling. After the initial selloff, every push lower has become more shallow. That usually reflects seller exhaustion, not strength. Shorts who entered late into the breakdown are now sitting on price that refuses to follow through. Meanwhile, dip buyers are defending the same zone repeatedly, building a visible line in the sand.
Above current price, the 1,960–2,040 zone is not clean air. That area was previously traded heavily during the breakdown and will act as overhead supply. Any upside attempt is likely to be contested there first. This is why upside needs to be treated as a reaction trade, not a trend reversal.
Right now, ETH is in a decision pocket:
• Lose 1,890 cleanly, and the market accepts lower value.
• Hold it, and pressure shifts onto trapped shorts who expected continuation.
That tension is what creates a tradable long — not because the market is bullish, but because downside has stalled exactly where it should have accelerated.
Trade Plan Long
Entry: 1,880 – 1,915
Stop Loss: 1,850
TP1: 1,960
TP2: 2,000
TP3: 2,040
Trade $ETH 👇
This long exists because ETH is holding above a clearly defended demand zone after a sharp selloff, while sellers are failing to regain control. The structure suggests absorption rather than continuation, and the grind near support increases pressure on short positioning. The trade stops making sense if price accepts below the demand base and accelerates, which would signal that the bid has stepped away and the market is ready to reprice lower.

Price rolled over hard from the left side of the chart, then put in a sharp liquidation-style selloff before snapping back. That rebound wasn’t organic accumulation — it was fast, vertical, and corrective. Since then, BTC has been stuck carving a range beneath a clearly defined supply band around the prior breakdown zone (~72k). The attempt into that area failed cleanly and left behind a visible rejection — that’s not noise, that’s sellers defending inventory.
Since that rejection, price has been leaking lower in a controlled way. No panic, no expansion — just compression. That matters. When markets sell aggressively, they tend to bounce aggressively. When they drift, it usually means positioning is being adjusted rather than liquidated.
The most important behavior on the chart is the wick sweep below ~66k followed by immediate acceptance back above it. That tells you something specific: downside liquidity was taken, but sellers couldn’t press continuation. The response candle isn’t explosive, but it’s responsive — buyers showed up exactly where stops were vulnerable.
This puts short-term bears in an awkward spot. Shorts that entered late into the drift now see price reclaiming above the sweep level, while breakout buyers above are still trapped from the failed 72k attempt. That tension is what creates tradable bounces — not conviction, but positioning stress.
At the same time, this is not a clean reversal structure yet. There’s no higher high, no decisive reclaim of the mid-range. Price is still below the area where sellers previously won. That means any long here is tactical, not thematic. You’re trading reaction, not trend.
As long as price holds above the swept low and continues to accept above it, a rotation back into the range highs is structurally reasonable. If it loses that level with acceptance, the entire bounce thesis disappears and the market likely resumes the broader corrective leg.
Trade Plan Long
Entry: 65,800 – 66,500
Stop Loss: 65,400
TP1: 68,200
TP2: 69,800
TP3: 71,800
Trade $BTC 👇
This trade exists because the market swept a clear downside liquidity pocket and immediately failed to follow through, signaling exhaustion rather than continuation. The structure supports a mean reversion back toward the upper part of the range while price holds above the sweep zone. The trade is invalidated if price accepts back below the low, which would indicate that the sweep was not absorption but preparation for continuation lower.