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💲ETH/Weekend liquidity is poor, do not mistake traps for opportunities
#eth From the current market situation, ETH is hovering around 2940 with little liquidity, so the weekend is very calm. The current structure clearly shows a bearish trend, with 2980-3000 acting as a solid resistance wall. The dense trading zone is filled with trapped orders. The existing funds in the market have no strong weekend support to back the rally. A breakout? Purely wishful thinking. The only support below is the previous low at 2864. Currently at 2935, just one step away from a breakdown. If the 2900 level is lost, the downward momentum will accelerate. Still stubbornly chasing longs now? The risk-reward ratio is extremely poor—upside space is blocked, and the abyss below is near. Whoever chases now is just taking the other side as a bagholder.
"Better to wait and see; liquidity on Sunday will weaken, fake moves everywhere. Not trading is the best defense. If you must trade, follow the trend and go short, don’t fight the trend and get hurt."
(Open) Key points for a trap: 2980⁻2995, go in lightly
(Defense ) position: 3035. If it stabilizes above 3035,
⚠️Structure reversal, unconditional surrender, admit the bulls are strong
(Target ) for hunting: First target 2888, if broken then second target 2835
Advice to traders: There are always opportunities to get in on trades. Rest well tonight, and tomorrow you'll find better opportunities along the way.