$ETH The BR strategy I shared earlier has already taken profit in the previous round. The truly high-risk-reward opportunities are often found after things calm down. The current BTC chart looks to me like it’s struggling to bounce: on the one-hour timeframe, the price is being capped by the moving averages, and the four-hour RSI hasn’t climbed back above the midpoint. Sellers haven’t finished exerting their pressure yet. There’s no need to rush into a trade—waiting for a rebound into the resistance zone above before considering a short would be much more comfortable.
If the price breaks below the recent low on strong volume, there’ll be room for further downside. Of course, the daily range is still fairly narrow, so there’s a good chance of wicks in both directions. Keep your position size small and give your stop-loss enough room—don’t let a single wick stop you out.
🔴 Trade direction: Short
📍 Entry range: 2487.92 – 2492.46
🛑 Stop-loss: 2535.04
🎯 Take-profit 1: 2456.56
🎯 Take-profit 2: 2434.14
🎯 Take-profit 3: 2400.50
Still waters run deep, and foresight reaches far; stay composed through the market’s rises and falls.
Join Sister Fei and navigate the waves of wealth together.
#ETH
Click below to trade 👇
If the price breaks below the recent low on strong volume, there’ll be room for further downside. Of course, the daily range is still fairly narrow, so there’s a good chance of wicks in both directions. Keep your position size small and give your stop-loss enough room—don’t let a single wick stop you out.
🔴 Trade direction: Short
📍 Entry range: 2487.92 – 2492.46
🛑 Stop-loss: 2535.04
🎯 Take-profit 1: 2456.56
🎯 Take-profit 2: 2434.14
🎯 Take-profit 3: 2400.50
Still waters run deep, and foresight reaches far; stay composed through the market’s rises and falls.
Join Sister Fei and navigate the waves of wealth together.
#ETH
Click below to trade 👇