$ETH has been, quickly but surely, approaching the perfect technical BUY Zone, called the Golden Pocket.

Ether has just lost the 0.5 Fib retracement level of $3242, and directly below is sitting the very next major support level, the 0.618 Fib at $3042.

Supported dynamically by the 200 SMA currently located at $2985. The flash-crash is a high possibility event in my opinion. $ETH vs Bitcoin does not look too well atm, and Black Rock has been selling today.

The Buy Zone I'm talking about is actually pretty shallow as far as flash-crashes go, so my strategy is to set buy limit orders within the Golden Pocket for spot.

As far as leverage, it might be too early to set long-orders overnight just 5.5 to 7% percent lower ($2985-3042 zone), so I'm gonna play it safe and set long positions at $2756-2775, which is a very deep correction zone, the 0.786 Fib level and slightly above.

That Pocket is 14-15% lower, so pretty secure.

Not very likely to get triggered, but that's what I do anyway. They get triggered more than your silly brain can imagine, trust.