Short $ETH /USDT · Trend: SHORT (Check the resistance zone after the price collapse)
A strong sell-off with large volume pushed the price through the 2,700 mark! The current recovery on the 15m timeframe has weak buying volume, indicating this is only a test of the resistance zone before the downtrend continues toward lower liquidity areas! 🔻📉
Trading plan:
Position: SHORT
Entry Zone: 2,692 – 2,702
Stop Loss (SL): 2.725 (Clearly violated point above the 24h high at 2.722,32)
Take Profit (TP):
TP1: 2.680 (Nearest local support zone)
TP2: 2.662 (Re-test the 24h bottom zone at 2.662,01)
TP3: 2.645 (Extend the down move to sweep liquidity below)
TP4: 2.620 (Take-profit target based on a strong corrective wave)
A strong sell-off with large volume pushed the price through the 2,700 mark! The current recovery on the 15m timeframe has weak buying volume, indicating this is only a test of the resistance zone before the downtrend continues toward lower liquidity areas! 🔻📉
Trading plan:
Position: SHORT
Entry Zone: 2,692 – 2,702
Stop Loss (SL): 2.725 (Clearly violated point above the 24h high at 2.722,32)
Take Profit (TP):
TP1: 2.680 (Nearest local support zone)
TP2: 2.662 (Re-test the 24h bottom zone at 2.662,01)
TP3: 2.645 (Extend the down move to sweep liquidity below)
TP4: 2.620 (Take-profit target based on a strong corrective wave)
