$ETH - SHORT structure in focus (x75)
Most traders only watch the 1-hour on $ETH and miss what else is aligned.
TRADE PLAN
Entry zone: 2419.2 - 2420.65 (ref 2420.142)
TP1: 2409 (+0.46%)
TP2: 2401 (+0.79%)
TP3: 2392 (+1.16%)
Stop loss: 2430.09 (-0.41%)
The higher timeframes sit in a strong downtrend and the 1-hour keeps pointing the same way, which is why I treat this as an active setup. RSI at 46 on the 1-hour and 44 on the 4-hour shows sellers still hold the upper hand without being washed out.
⚠️ Personal market insight, not investment advice. DYOR.
Most traders only watch the 1-hour on $ETH and miss what else is aligned.
TRADE PLAN
Entry zone: 2419.2 - 2420.65 (ref 2420.142)
TP1: 2409 (+0.46%)
TP2: 2401 (+0.79%)
TP3: 2392 (+1.16%)
Stop loss: 2430.09 (-0.41%)
The higher timeframes sit in a strong downtrend and the 1-hour keeps pointing the same way, which is why I treat this as an active setup. RSI at 46 on the 1-hour and 44 on the 4-hour shows sellers still hold the upper hand without being washed out.
⚠️ Personal market insight, not investment advice. DYOR.