$ETH Short 10x | Supply is in play, and sellers need to deliver.
ETH has hit the zone where the short thesis either solidifies or collapses. This position is active, and I’m allowing the zone to dictate its fate.
Trade Plan:
- Entry: 2724.57973 – 2731.65577
- TP1: 2695.00190 (R:R 1:0.8)
- TP2: 2672.92466 (R:R 1:1.2)
- TP3: 2639.80880 (R:R 1:2.0)
- SL: 2772.27223
Why this setup?
- The 4h timeframe still backs the short narrative, with price responding precisely where I want: 2724.57973–2731.65577 around 2728.11775.
- The 15m RSI at 60 indicates neutral momentum, leaving potential for further downside; the zone must validate this.
- Volume is supporting the move: 0.17x, with 10.51K executed against 62.36K anticipated.
Trade here 👇 and what will trigger your decision: a wick rejection or a body close beneath the level?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
ETH has hit the zone where the short thesis either solidifies or collapses. This position is active, and I’m allowing the zone to dictate its fate.
Trade Plan:
- Entry: 2724.57973 – 2731.65577
- TP1: 2695.00190 (R:R 1:0.8)
- TP2: 2672.92466 (R:R 1:1.2)
- TP3: 2639.80880 (R:R 1:2.0)
- SL: 2772.27223
Why this setup?
- The 4h timeframe still backs the short narrative, with price responding precisely where I want: 2724.57973–2731.65577 around 2728.11775.
- The 15m RSI at 60 indicates neutral momentum, leaving potential for further downside; the zone must validate this.
- Volume is supporting the move: 0.17x, with 10.51K executed against 62.36K anticipated.
Trade here 👇 and what will trigger your decision: a wick rejection or a body close beneath the level?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
