At this pivotal moment, divergence is coming into focus. The four-hour structure for $ETH is sending a clear signal. Price has repeatedly tested the highs but has failed to hold there, while volume has contracted in tandem. This kind of divergence often means that buying support overhead is thinning. Every rebound near the key resistance zone looks hesitant, suggesting bullish momentum is fading. If support below is tested, selling pressure could be released more quickly.
I’m more inclined to view the current rebound as a correction within a bearish structure, rather than a trend reversal. If the rebound extends to the upper edge of the resistance zone, that would actually offer a clearer shorting opportunity from a structural perspective, with a better-defined risk boundary.
🔴 Trade direction: Short
📍 Entry range: 2405 – 2439
🛑 Stop loss: 2480
🎯 Take profit 1: 2380
🎯 Take profit 2: 2330
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Walk alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇
I’m more inclined to view the current rebound as a correction within a bearish structure, rather than a trend reversal. If the rebound extends to the upper edge of the resistance zone, that would actually offer a clearer shorting opportunity from a structural perspective, with a better-defined risk boundary.
🔴 Trade direction: Short
📍 Entry range: 2405 – 2439
🛑 Stop loss: 2480
🎯 Take profit 1: 2380
🎯 Take profit 2: 2330
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Walk alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇