$ETH 🤑 Short Setup
$ETH Short 50x | Overhead Supply Rejection
Ethereum has swept local liquidity into our targeted 4H supply region. The broader market remains heavy, and aggressive sellers are stepping in to cap upside momentum.
Trade Execution Plan
* Entry Zone: 2,680 – 2,695
* Target 1: 2,645 (R:R 1:1.1)
* Target 2: 2,610 (R:R 1:2.2)
* Target 3: 2,560 (R:R 1:3.8)
* Stop Loss: 2,712
Technical Context & Signal Confluence
* Structural Bias: Lower-high confirmation on the 4H chart respecting the daily bearish order block.
* Volume Delta: Sell-side volume outpaced buy volume by 2.8x upon tapping the zone, signaling distribution.
* RSI Cooldown: 15m RSI bounced off 42, showing room for accelerated downside expansion.