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$ETH
Monday highs swept.
Previous month highs swept.
Liquidity taken. Late longs trapped.
From here, Monday lows are the most logical nearest point of interest.
If downside continues, then the next levels in play are:
• Monthly Open
• 0.75 Fib
• Range lows if the full setup unfolds
Invalidation is simple:
If Monday highs get reclaimed and broken, this short idea is invalid.
Clean sweep of liquidity above the highs. Now watching for price to unwind in the opposite direction.
#ETH #ETHUSDT