$ETH 4H BOUNCE SETUP ⚠️ (counter-trend)
ETH dropped ~8% this week and is now sitting on the 2,500 support, the same zone it bounced from in late September. The trend is still down: price is below all 4H EMAs, BTC lost its range, and BitMine says it will stop buying ETH.
So this is a bounce play, not a trend reversal.
🟡 Entry: 2,500 – 2,520
🎯 TP1: 2,575 (4H EMA 9/21)
🎯 TP2: 2,625
🎯 TP3: 2,680
🛑 SL: 2,465 (below the obvious stop cluster under 2,500)
Trading against the trend = small size, low leverage. A 4H close below 2,465 means the setup is dead and lower levels are likely.
Bounce from 2,500 or breakdown? 👇
DYOR • Not financial advice
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum! #TradingSetup #Ethereum
ETH dropped ~8% this week and is now sitting on the 2,500 support, the same zone it bounced from in late September. The trend is still down: price is below all 4H EMAs, BTC lost its range, and BitMine says it will stop buying ETH.
So this is a bounce play, not a trend reversal.
🟡 Entry: 2,500 – 2,520
🎯 TP1: 2,575 (4H EMA 9/21)
🎯 TP2: 2,625
🎯 TP3: 2,680
🛑 SL: 2,465 (below the obvious stop cluster under 2,500)
Trading against the trend = small size, low leverage. A 4H close below 2,465 means the setup is dead and lower levels are likely.
Bounce from 2,500 or breakdown? 👇
DYOR • Not financial advice
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum! #TradingSetup #Ethereum