Is ETH ready to drop from this range?
š“ SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT Ā· Leaning
Entry: 2396.72 ā 2400.00
TP1: 2368.95 (-1.2%)
TP2: 2349.34 (-2.0%)
TP3: 2319.92 (-3.3%)
SL: 2437.58 (+1.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? ETH checklist: 4/12 agree, 0 against.
ā¢ 4h trend down (below EMA50 & EMA200)
ā¢ 1h trend down (below EMA50 & EMA200)
ā¢ Sellers have the momentum (4h RSI 44.6)
Watch: The idea is wrong if price reaches the stop at 2437.58
Bottom line: The 4h bearish stack and the 4h RSI below 45 show sellers have momentum, but the daily trend is a mixed range and the 1h RSI is neutral, so conviction is moderate.
Where would you place your stop on this short?
Chart with every level below.
š² Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
ā ļø Personal market analysis only. NFA ā manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
š“ SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT Ā· Leaning
Entry: 2396.72 ā 2400.00
TP1: 2368.95 (-1.2%)
TP2: 2349.34 (-2.0%)
TP3: 2319.92 (-3.3%)
SL: 2437.58 (+1.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? ETH checklist: 4/12 agree, 0 against.
ā¢ 4h trend down (below EMA50 & EMA200)
ā¢ 1h trend down (below EMA50 & EMA200)
ā¢ Sellers have the momentum (4h RSI 44.6)
Watch: The idea is wrong if price reaches the stop at 2437.58
Bottom line: The 4h bearish stack and the 4h RSI below 45 show sellers have momentum, but the daily trend is a mixed range and the 1h RSI is neutral, so conviction is moderate.
Where would you place your stop on this short?
Chart with every level below.
š² Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
ā ļø Personal market analysis only. NFA ā manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.