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Quick update on $ETH :
Price has rejected at the lost HTF support at $1.9K, where I expected a potential rejection, which is why I didn’t scale out of 50% of my hedges.
I’m expecting a short-term bottom to form around 1.75K, at the 1D BMSB before a continuation higher.
Before taking a decisive bullish stance, I want to see a daily close above $1.95K, which would prompt me to scale out from the remaining of my hedges and rotate the capital back into my spot holdings.