ETH is re-checking the 4h EMA20 zone at $2,690.81 after a 2.64% drop to $2,681.51, creating an opportunity for a short pullback.
$ETH – SHORT
Trading plan:
Entry: $2,680.50 – $2,682.52
SL: $2,691.65
TP1: $2,663.27
TP2: $2,654.48
TP3: $2,644.35
Why is this setup?
• The 4h trend is SHORT; EMA20=$2,690.81, EMA50=$2,689.36.
• RSI 15m=48.1; RSI 4h=50.9.
• ATR 1h=$6.7571; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If price holds below the 4h EMA20, the path to the day support at $2,358.88 will open; otherwise, breaking $2,691.65 may push price back toward the day resistance at $2,807.34.
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,680.50 – $2,682.52
SL: $2,691.65
TP1: $2,663.27
TP2: $2,654.48
TP3: $2,644.35
Why is this setup?
• The 4h trend is SHORT; EMA20=$2,690.81, EMA50=$2,689.36.
• RSI 15m=48.1; RSI 4h=50.9.
• ATR 1h=$6.7571; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If price holds below the 4h EMA20, the path to the day support at $2,358.88 will open; otherwise, breaking $2,691.65 may push price back toward the day resistance at $2,807.34.
Click here to trade 👇
