Hey, guys.
💡 I warned yesterday about possible volatility at the Fed meeting for a reason, also today I made a review that more downside is possible and update Low, and we should wait for a takeover, which was not given.
🔍Now there are certain signs of bearish momentum fading, OI on bid delta started to grow, which indicates that limit orders are taking positions.
📊At the moment Ethereum has tested the support of 3.3K forming a good cluster zone. We can try to trade a V-shaped reversal at the breakdown of 3.5K, stops are below 3.2K.
💡 Bitcoin has a similar situation when breaking 99K, stops are below 92K.
🔥 V reversal trading is High risk strategy, for more conservative trading you should wait for signs of reversal on H4 and D1 TFs.
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Stay tuned.
