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$ETH
Monday's highs were swept clean.
Last month's highs were swept clean.
Liquidity has been taken out. Late buy positions are trapped.
From here, Monday's low is the most reasonable nearby point of interest.
If the downtrend continues, the next levels are:
• Monthly open
• 0.75 Fib
• Range low if the entire setup plays out
Simple counterattack:
If Monday's high is reclaimed and broken, this short idea will be invalidated.
Sweep out liquidity at the highs. Now waiting for the price to correct in the opposite direction.
#ETH #ETHUSDT