The calm before detonation is often the hardest to come by—$ETH is in exactly this kind of state right now. Don’t let that one daily bullish candle fool you. On the four-hour timeframe, a descending structure is clearly forming. Every time price pushes up toward an upper resistance level, it gets pushed back, and the volume hasn’t kept up either. When we trade, we have to look at the bigger picture. In this rebound pattern—shrinking volume on the rise and expanding volume on the fall—the bears clearly have the advantage.
I think the logic for setting up a short position right now is pretty clear. Downside room has already opened up. As long as the key level isn’t broken, dropping to the first target shouldn’t be a problem. Of course, keep your stop-loss properly placed—that’s the bottom line.
🔴 Trading Direction: Short
📍 Entry Range: 2422.20 – 2427.68
🛑 Stop Loss: 2482.92
🎯 Take Profit 1: 2381.45
🎯 Take Profit 2: 2352.46
🎯 Take Profit 3: 2308.97
Quiet waters run deep with foresight; the market’s rises and falls are met with composure.
Walk alongside Sister Fei, read the pulse of the wealth tide.
#ETH
Click below to trade 👇
I think the logic for setting up a short position right now is pretty clear. Downside room has already opened up. As long as the key level isn’t broken, dropping to the first target shouldn’t be a problem. Of course, keep your stop-loss properly placed—that’s the bottom line.
🔴 Trading Direction: Short
📍 Entry Range: 2422.20 – 2427.68
🛑 Stop Loss: 2482.92
🎯 Take Profit 1: 2381.45
🎯 Take Profit 2: 2352.46
🎯 Take Profit 3: 2308.97
Quiet waters run deep with foresight; the market’s rises and falls are met with composure.
Walk alongside Sister Fei, read the pulse of the wealth tide.
#ETH
Click below to trade 👇