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Is $ETH trying to trap the late longs here?
The 1D candle just left a nasty wick at that 2,415 level and it’s making me think twice. We had a solid run from the 2,000 range but this rejection at local resistance shows the sellers are still awake.
If we can’t hold 2,300 as support on this pull back then I’m expecting a deeper dip toward 2,220 to fill some of that imbalance. Volume is starting to fade slightly on this move up which usually isn't a great sign for immediate continuation.
I’m keeping my hands in my pockets for now. If it flips 2,400 then it’s a different story but right now it feels like it needs to breathe. Let’s see how the daily close handles this zone.
#WCTCTradingChallengeShare8MUSDT