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# Newyearcreatorincentives
470
ETHEN
Market structure is bullish but transitioning into consolidation after a sharp expansion.
Price expanded aggressively from 0.00003360, clearing sell-side liquidity and printing a strong impulse into 0.00008219. That high triggered heavy profit-taking and rejection, pushing price back into a controlled pullback. Sellers failed to press price below the 0.000046–0.000047 area, where bids are absorbing supply. Current action shows acceptance inside this range rather than continuation lower, indicating digestion of the prior move.
Trade setup
EP: 0.0000465 – 0.0000480
SL: 0.0000368
TP1: 0.0000538
T
Price expanded aggressively from 0.00003360, clearing sell-side liquidity and printing a strong impulse into 0.00008219. That high triggered heavy profit-taking and rejection, pushing price back into a controlled pullback. Sellers failed to press price below the 0.000046–0.000047 area, where bids are absorbing supply. Current action shows acceptance inside this range rather than continuation lower, indicating digestion of the prior move.
Trade setup
EP: 0.0000465 – 0.0000480
SL: 0.0000368
TP1: 0.0000538
T
IXORA-28,84%
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