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The order book on $ETH is looking absolutely insane right now.
Check this out. We’re sitting at 2,365 and even though the price is down about 3.8% today, the buy side of the book is stacked at 91%. That’s a massive amount of limit orders waiting to catch a dip. Usually, when the book looks this one-sided, someone is trying to floor the price.
Looking at the candles, we just hit a high of 2,464 and got pushed back. We’re currently hovering right above that 2,343 local support. If we hold this, the structure still looks bullish for another leg up. But if the buy wall in the order book is just "spoofing" and gets pulled, we could see a quick flush toward 2,250.
The volume is heavy at 741M so there's real money moving here. I’m watching to see if the bulls actually step up or if this is just a trap before a bigger drop.
What’s your move? Are you trusting that 91% buy a wall or staying flat?
#WCTCTradingChallengeShare8MUSDT