$ETH When the market makes an unexpected move, I choose to go against the crowd rather than follow my emotions. On the four-hour chart, BTC has repeatedly tested a key level while trading volume continues to contract. Rebound highs are getting progressively lower—a structure that looks more like a continuation of the downtrend than a bottom forming. Price has yet to break decisively above the resistance zone, suggesting that buying support is fading while bears are quietly building their positions.
I’m inclined to open short positions when the rebound loses steam. The logic is simple: until the structure turns stronger, every rebound gives bears room to act. The real concern would be a sudden, high-volume recovery—that would call for a reassessment.
🔴 Trade direction: Short
📍 Entry range: 2461 – 2511
🛑 Stop loss: 2521
🎯 Take profit 1: 2427
🎯 Take profit 2: 2361
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#ETH
Click below to trade 👇
I’m inclined to open short positions when the rebound loses steam. The logic is simple: until the structure turns stronger, every rebound gives bears room to act. The real concern would be a sudden, high-volume recovery—that would call for a reassessment.
🔴 Trade direction: Short
📍 Entry range: 2461 – 2511
🛑 Stop loss: 2521
🎯 Take profit 1: 2427
🎯 Take profit 2: 2361
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#ETH
Click below to trade 👇