$ETH
ETHUSDT Perpetual | Short Setup | Intraday Structure
A long liquidation printed at $2560.99, showing buyers were forced out at this level. When longs are liquidated and price cannot recover, it signals weak demand above. The $2560.00 to $2580.00 zone is now resistance. The bias favors a bearish continuation.
EP (Entry Price): $2545.00 to $2562.00
TP1: $2510.00
TP2: $2465.00
TP3: $2410.00
SL (Stop Loss): $2610.00
Trend strength: Buyers have lost control near $2560.99, and the rejection from this zone shows sellers are defending it. The short-term trend stays weak while price remains below $2580.00.
Momentum and structure bias: Momentum has turned down as forced selling from liquidated longs adds pressure. The structure favors continuation lower, and a close above $2610.00 invalidates this setup.
Why price is likely to reach the targets: Long stop orders sit below $2520.00, and a move through that area accelerates price toward $2465.00. The $2410.00 level is the final target where the next major demand is expected.
$ETH
ETHUSDT Perpetual | Short Setup | Intraday Structure
A long liquidation printed at $2560.99, showing buyers were forced out at this level. When longs are liquidated and price cannot recover, it signals weak demand above. The $2560.00 to $2580.00 zone is now resistance. The bias favors a bearish continuation.
EP (Entry Price): $2545.00 to $2562.00
TP1: $2510.00
TP2: $2465.00
TP3: $2410.00
SL (Stop Loss): $2610.00
Trend strength: Buyers have lost control near $2560.99, and the rejection from this zone shows sellers are defending it. The short-term trend stays weak while price remains below $2580.00.
Momentum and structure bias: Momentum has turned down as forced selling from liquidated longs adds pressure. The structure favors continuation lower, and a close above $2610.00 invalidates this setup.
Why price is likely to reach the targets: Long stop orders sit below $2520.00, and a move through that area accelerates price toward $2465.00. The $2410.00 level is the final target where the next major demand is expected.
$ETH