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$ETH
💡 Smart Money & Price Action:
- A bearish FVG area is visible just above the current price, opening opportunities for rejection reactions if the price rises toward 3145-3150.
- A major downtrend structure followed by consolidation below resistance indicates a possible liquidity grab before the price truly chooses a direction.
- If manipulation occurs (for example, a slight false breakout above 3145 followed by a strong rejection), this area is ideal for looking for short opportunities.
🚦 Trading Opportunities & Entry Methods:
- For a short setup: Wait for the price to approach 3145-3150, observe candlestick reactions in this area, such as a pin bar or bearish engulfing on a smaller timeframe (e.g., 5 minutes). Additional confirmation if RSI begins to decline and selling volume increases.
- Enter short around 3145-3150 after confirmation, with the main targets at 3086 and then 3043. Place stop loss above the nearest minor swing high after rejection confirmation.
- For a long setup: The best scenario is if a downward manipulation occurs below 3043 (sweeping liquidity/false breakdown), then the price closes back above 3043 and a bullish reversal appears (e.g., bullish engulfing or pin bar on m15/m30). Enter after confirmation, targeting 3145.
- Do not enter without a clear reversal pattern confirmation to avoid fakeout traps.