🔷 ETH 4H Setup: Breakdown-Retest Short
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📊 Trend: ETHUSDT trades at 2263.39 (+0.5% 24H, range 2237-2268.76). On Oct 29 it lost the 2295-2310 base that held for a week and wicked to 2174 on Oct 30. Price sits below EMA20 2271, EMA50 2313 and EMA200 2436, so the bias stays bearish while the bounce is slow.
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🧱 Support: 2237 / 2208 / 2174
🚧 Resistance: 2271 / 2310 / 2340
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🎯 Entry zone: 2295-2310 (retest of broken base + EMA50)
🛑 Stop loss: 2340
✅ TP1: 2237
✅ TP2: 2208
✅ TP3: 2174 (Oct 30 wick)
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⚠️ Wait for the retest, don't chase. A 4H close above 2340 invalidates it. Move SL to entry after TP1.
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Not financial advice. DYOR.
⠀
$ETH $BTC
#ETH #Ethereum #TechnicalAnalysis #BinanceSquare
⠀
📊 Trend: ETHUSDT trades at 2263.39 (+0.5% 24H, range 2237-2268.76). On Oct 29 it lost the 2295-2310 base that held for a week and wicked to 2174 on Oct 30. Price sits below EMA20 2271, EMA50 2313 and EMA200 2436, so the bias stays bearish while the bounce is slow.
⠀
🧱 Support: 2237 / 2208 / 2174
🚧 Resistance: 2271 / 2310 / 2340
⠀
🎯 Entry zone: 2295-2310 (retest of broken base + EMA50)
🛑 Stop loss: 2340
✅ TP1: 2237
✅ TP2: 2208
✅ TP3: 2174 (Oct 30 wick)
⠀
⚠️ Wait for the retest, don't chase. A 4H close above 2340 invalidates it. Move SL to entry after TP1.
⠀
Not financial advice. DYOR.
⠀
$ETH $BTC
#ETH #Ethereum #TechnicalAnalysis #BinanceSquare
