$ETH waterfall started right after losing last month's VWAP



- For now rejected from the October VWAP (which was the scalp short entry)
- Acceptance above is the invalidation for any LTF bearish bias. Doesn't make sense to short anything unless you're longing anything else to compensate anyway after that flush
- $3860 remains the key Weekly level (not counting cascading liquidation based overshoots) as that's where we retested post yesterday's rejection from VWAP before bouncing

Vol crush incoming with more ranges being formed so not interested in taking too many fresh positions on majors until this resolves
ETH-1.89%
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