Everyone thought that 0.775 bottom was the one, but this recovery is looking pretty weak. We’re just ranging now between 0.85 and 1.00 with zero real momentum. Volume is drying up and we’re sitting at 0.948 right now. If we can’t flip 1.00 into support soon, I’m expecting another slow bleed back to the lows. I’m staying light on this one. No point in forcing a trade when the chart is this flat.
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$FIL looking kinda sus here.
Everyone thought that 0.775 bottom was the one, but this recovery is looking pretty weak. We’re just ranging now between 0.85 and 1.00 with zero real momentum.
Volume is drying up and we’re sitting at 0.948 right now. If we can’t flip 1.00 into support soon, I’m expecting another slow bleed back to the lows.
I’m staying light on this one. No point in forcing a trade when the chart is this flat.
#EthereumFoundationUnveilsItsStrawmap