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Cryptocurrency News Articles

ETH Long

Feb 10, 2025 at 06:01 am

Here i can see that market went go huge dump for liquidity grab and bounce back from order block i always say that market always respect order block .who trade with smc and ict concept only they know market trap and markets fear so i already draw this zone and market bounce back this zone .I will explain others core relation just you read to the end and then you got it.

ETH Long

This signal is for a long position in Ethereum (ETH). The market has experienced a significant dump for liquidity grab, and it has bounced back from an order block. The analysis suggests that the market respects order blocks, and traders who follow smc and ict concepts can identify market traps and fears.

The analysis also highlights a potential reversal in Bitcoin (BTC) dominance after a sharp spike. The price has been rejected from the upper Bollinger Band, indicating overextension. It tested a key resistance level and failed to sustain, suggesting a possible pullback. If momentum weakens, BTC dominance could revisit lower support levels, confirming a bearish structure in the longer time frame.

Specifically, bearish BTC dominance signals strength in altcoins, such as ETH, which could experience a large pump. The entry price for the ETH long position is 2571, with the first take profit target at 2699 and the second take profit target at 2819. It's important to note that this signal is only for the spot market.

Original source:binance

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