$ETH | 🔴 SHORT — Is sideways movement hiding further downside risk?
ETH maintains a bearish structure on the 4H and 1H timeframes, with price below the EMA50 and EMA200. Sellers remain in control, but price is now about 3.1 ATR away from the 1H EMA50, so watch for a technical rebound before the downtrend resumes.
📍 SHORT plan
* Entry: 2363.11 – 2368.51
* TP1: 2319.88 (-1.9%)
* TP2: 2289.26 (-3.2%)
* TP3: 2243.33 (-5.2%)
* SL: 2427.05 (+2.6%)
📉 Levels to watch: 7/12 signals are aligned, with 1 signal pointing in the opposite direction. The 15-minute ADX is at 26.0, indicating short-term trend strength. However, ETH is quite far from its average level, so consider waiting for price to retrace to the Entry zone rather than chasing the downward move.
Only enter within the Entry zone. Take 50% profit at TP1, then move the SL to the entry price. If price reaches 2427.05, the SHORT setup is no longer valid.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇
ETH maintains a bearish structure on the 4H and 1H timeframes, with price below the EMA50 and EMA200. Sellers remain in control, but price is now about 3.1 ATR away from the 1H EMA50, so watch for a technical rebound before the downtrend resumes.
📍 SHORT plan
* Entry: 2363.11 – 2368.51
* TP1: 2319.88 (-1.9%)
* TP2: 2289.26 (-3.2%)
* TP3: 2243.33 (-5.2%)
* SL: 2427.05 (+2.6%)
📉 Levels to watch: 7/12 signals are aligned, with 1 signal pointing in the opposite direction. The 15-minute ADX is at 26.0, indicating short-term trend strength. However, ETH is quite far from its average level, so consider waiting for price to retrace to the Entry zone rather than chasing the downward move.
Only enter within the Entry zone. Take 50% profit at TP1, then move the SL to the entry price. If price reaches 2427.05, the SHORT setup is no longer valid.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇