ETH is at a level worth watching: the 4h trend leans SHORT, while the 15m RSI at 36.5 could trigger short-term volatility.
$ETH – SHORT
Trading plan:
Entry: $2,349.50 – $2,357.66
SL: $2,394.33
TP1: $2,280.23
TP2: $2,244.91
TP3: $2,204.16
Why this setup?
• The 4h trend is SHORT, with EMA20 at $2,450.14 and EMA50 at $2,507.36, confirming downward momentum.
• The 15m RSI is at 36.5; the 4h RSI is at 18.8, so wait for the price reaction in the entry zone.
• The 1h ATR is $27.1671; TP1 is set at a risk/reward ratio of 1.8.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,349.50 – $2,357.66
SL: $2,394.33
TP1: $2,280.23
TP2: $2,244.91
TP3: $2,204.16
Why this setup?
• The 4h trend is SHORT, with EMA20 at $2,450.14 and EMA50 at $2,507.36, confirming downward momentum.
• The 15m RSI is at 36.5; the 4h RSI is at 18.8, so wait for the price reaction in the entry zone.
• The 1h ATR is $27.1671; TP1 is set at a risk/reward ratio of 1.8.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇