If you’re buying every
$ETH pump into $2.7K after this 200day EMA rejection, you’re exit liquidity.
You can ignore 1 rejection at the 200-day EMA, but you can’t ignore 3.
That
$ETH 200-day EMA was the big make or break level, and we just got a clean rejection off it (red circle).
The whole move basically played out as a classic squeeze into major resistance, we pushed up into the EMA200 / prior supply, stalled exactly where we kept getting rejected before, and then price rolled over hard.
Now we’re back below the key pivot zone around $2.7K (that level is no longer support, it’s resistance), w