ETH is retesting the $2,330 area after being rejected near the 4h EMA20, indicating that selling pressure remains strong.
$ETH – SHORT
Trading plan:
Entry: $2,327.50 – $2,331.74
SL: $2,350.84
TP1: $2,291.42
TP2: $2,273.03
TP3: $2,251.80
Why this setup?
• The 4h trend is SHORT; EMA20=$2,337.78, EMA50=$2,375.16.
• RSI 15m=65.2; RSI 4h=43.7.
• ATR 1h=$14.1486; entry is near the current price, and TP1 offers an R:R of 1.8.
The case:
If the $2.587 daily resistance holds, the path to the $2.282 support is wide open; however, a breakout above the 4h EMA20 could trigger the SL before the downtrend resumes.
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,327.50 – $2,331.74
SL: $2,350.84
TP1: $2,291.42
TP2: $2,273.03
TP3: $2,251.80
Why this setup?
• The 4h trend is SHORT; EMA20=$2,337.78, EMA50=$2,375.16.
• RSI 15m=65.2; RSI 4h=43.7.
• ATR 1h=$14.1486; entry is near the current price, and TP1 offers an R:R of 1.8.
The case:
If the $2.587 daily resistance holds, the path to the $2.282 support is wide open; however, a breakout above the 4h EMA20 could trigger the SL before the downtrend resumes.
Click here to trade 👇
