$ETH
Back inside range after deviating the highs. Took a short position after the M30 sweep into the liquidity gap. Hard stop above the highs. Will manually close if we start getting back above range high at 2407. Targeting equal lows at 2255.
The Ethical Long: Cycles and Capital Formation
Since August 11th/12th, I began writing thoughts to capture my mental model around identifying inefficient capital allocation in crypto assets, and the market forces that drive positioning on the margin – which I believe is
Three consecutive days, price opens below previous days value. Each time attempting to reclaim prior days value but rejects, leading to a continued downward rotation.
First daily close within value this week. Could be a potential area for a bounce as selling could be exhausted at least locally, provided the controlling CB seller takes a break before 3 day weekend.
x.com/0xmando_trades…
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