ETH is moving sideways within a range and could drop sharply very quickly.
🔴 SHORT $ETH /USDT: expecting the price to FALL
Trend: SHORT · Bearish bias
Entry: 2396.14 – 2399.88
TP1: 2367.52 (-1.3%)
TP2: 2347.19 (-2.1%)
TP3: 2316.70 (-3.4%)
SL: 2438.66 (+1.7%)
Plan: enter only within this range, take 50% profit at TP1, 25% at TP2, 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 4/12 signals agree, with 0 opposing signals.
• 4h trend is bearish (below EMA50 and EMA200)
• 1h trend is bearish (below EMA50 and EMA200)
• BTC is falling, and this coin often moves in tandem (correlation 0.94)
If the scenario plays out as expected:
If the bearish structure on the 4h timeframe holds, the price could slide toward the lower end of the entry range. The 1h RSI below 45 confirms that sellers are still maintaining momentum.
If the prediction is wrong:
If the price breaks out of the daily range and climbs back above EMA50, this setup is no longer valid, and I will close the short position.
Where would you set the invalidation level?
🔴 SHORT $ETH /USDT: expecting the price to FALL
Trend: SHORT · Bearish bias
Entry: 2396.14 – 2399.88
TP1: 2367.52 (-1.3%)
TP2: 2347.19 (-2.1%)
TP3: 2316.70 (-3.4%)
SL: 2438.66 (+1.7%)
Plan: enter only within this range, take 50% profit at TP1, 25% at TP2, 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 4/12 signals agree, with 0 opposing signals.
• 4h trend is bearish (below EMA50 and EMA200)
• 1h trend is bearish (below EMA50 and EMA200)
• BTC is falling, and this coin often moves in tandem (correlation 0.94)
If the scenario plays out as expected:
If the bearish structure on the 4h timeframe holds, the price could slide toward the lower end of the entry range. The 1h RSI below 45 confirms that sellers are still maintaining momentum.
If the prediction is wrong:
If the price breaks out of the daily range and climbs back above EMA50, this setup is no longer valid, and I will close the short position.
Where would you set the invalidation level?