TheMeditrader

Expecting Ethereum false breakout

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EIGHTCAP:ETHUSD   Ethereum
ETHUSD

I don't believe this trend will continue before taking on some more liquidity at lower prices. I'm expecting a false breakout that will trap bulls before swiftly reversing to the downside.

The bulls have failed to take this higher on numerous attempts now. Bears are accumulating positions and will attack on the rejection.

Get your popcorn...

I should note that I'm bullish long term but think better prices for entry are waiting below ;)

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