ETH is trading inside a daily symmetrical triangle: lower highs from $3,300–$3,350 and higher lows from $2,850–$2,900.
Liquidation heatmaps show over 1B USD in liquidations stacked both above and below price, so a break of structure can move fast.
📈 Long Idea – Trade the Upside Break
- Trigger: Daily close above 3,300 (triangle resistance and recent supply).
- Entry: Breakout close or retest of $3,300 as support with bullish reaction.
- Invalidation: Close back inside the triangle / below ~$3,150
- Targets:
- T1: $3,500–$3,600
- T2: $3,900–$4,000 on a full triangle measured move and short squeeze.
📉 Short Idea – Trade the Downside Break
- Trigger: Daily close below $2,900 (triangle support).
- Entry: Breakdown close or bearish retest of $2,900 from below.
- Invalidation: Reclaim and close back above $3,000 (bear trap).
- Targets:
- T1: $2,700–$2,600
- T2: $2,200–$2,300 if long liquidations cascade.
🧠 Key Trading Principles
- React, don’t predict: Let a daily close outside the triangle pick direction; this avoids guessing inside the chop.
- Expect volatility: With leverage heavy on both sides, post‑break moves can be unusually sharp, so size positions and stops accordingly
