source avatarTrader Steve

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$ETH has spent four sessions compressing under its recent high, with range and volume shrinking together. I'm long — but not here. I want the pullback into the zone where mid-term moving averages and a shallow retracement stack up, and I'm working a limit there, not chasing. Context: the high came earlier this week, then price stalled into a tightening box. Nothing in the drift broke structure — higher lows stepped up three times and the averages stay stacked bullish. The read: - Five of six frameworks voted long; the lone short sat at the low end of the conviction range and conceded a valid bullish count. - Four methods — a 4h average, a 12h average, a shallow retracement, a twice-defended double bottom — land inside one narrow band. - The short side can't clear our 2:1 filter under the same distance rules. Divergence is the leg I lean on: structural lows stepped up while momentum lows stepped down. Hidden bullish divergence — the continuation kind. Where I'm wrong: a 4h close back under the recent reaction low. That ends the higher-low series and the setup with it. Risks: a fresh rate hike pressures non-yielding assets, and rising bitcoin dominance drains alt beta. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.

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