$ETH | 🔴 SHORT 10X — ETH has hit exactly the zone we were waiting for, and the sell-side is reacting here.
SHORT plan
* Entry: 2614.60000 – 2620.00000
* SL: 2651.40000
* TP1: 2591.70000 — R:R 1:0.8
* TP2: 2574.70000 — R:R 1:1.2
* TP3: 2549.10000 — R:R 1:2.0
Key analysis
* The 4H timeframe is giving a Short structure, although the 1D timeframe is still in a bullish context. Price is currently reacting at the 2614.6–2620 zone.
* 15M RSI: 53 → there is still room for a bearish move if the sell-side can maintain pressure.
* Volume: 4.00x — 22.31K vs. the expected 5.58K, indicating liquidity is increasing strongly in the reaction zone.
Will ETH keep getting rejected from this zone, or is this another Short-seller trap? 👀
⚠️ Content is for educational purposes only, not investment advice. DYOR.
SHORT plan
* Entry: 2614.60000 – 2620.00000
* SL: 2651.40000
* TP1: 2591.70000 — R:R 1:0.8
* TP2: 2574.70000 — R:R 1:1.2
* TP3: 2549.10000 — R:R 1:2.0
Key analysis
* The 4H timeframe is giving a Short structure, although the 1D timeframe is still in a bullish context. Price is currently reacting at the 2614.6–2620 zone.
* 15M RSI: 53 → there is still room for a bearish move if the sell-side can maintain pressure.
* Volume: 4.00x — 22.31K vs. the expected 5.58K, indicating liquidity is increasing strongly in the reaction zone.
Will ETH keep getting rejected from this zone, or is this another Short-seller trap? 👀
⚠️ Content is for educational purposes only, not investment advice. DYOR.
