ETH is slumping under bearish pressure, testing the 1,620 level as sellers dominate. Momentum is sliding into the 1,590โ1,580 zone, primed for a short swing.
๐ด $ETH SHORT ๐
Entry โ $2,514.98-$2,520.02
Stop โ $2,593.03 (-3.0%)
TP1 โ $2,479.74 (+1.5%)
TP2 โ $2,391.62 (+5.0%)
R/R 1:1.7 โข Confidence 64%
The market structure broke lower with a classic CHoCH, and the CVD turned negative confirming the flow. A fresh FVG sits right beneath the recent swing low, overlapping an established order block, creating a POI that lines up all the confluence.
A 3.0% stop is fairly tight on this swing, so keep leverage around 3โ5x to stay safe.
Take half off the table when price hits the first target around 1,560 to lock in the early move.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$ETH #ETHUSDT #FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped #TradingSignals #Write2Earn
๐ด $ETH SHORT ๐
Entry โ $2,514.98-$2,520.02
Stop โ $2,593.03 (-3.0%)
TP1 โ $2,479.74 (+1.5%)
TP2 โ $2,391.62 (+5.0%)
R/R 1:1.7 โข Confidence 64%
The market structure broke lower with a classic CHoCH, and the CVD turned negative confirming the flow. A fresh FVG sits right beneath the recent swing low, overlapping an established order block, creating a POI that lines up all the confluence.
A 3.0% stop is fairly tight on this swing, so keep leverage around 3โ5x to stay safe.
Take half off the table when price hits the first target around 1,560 to lock in the early move.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$ETH #ETHUSDT #FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped #TradingSignals #Write2Earn