ETH is retesting the 4h EMA20 area near $2,345 after being rejected at daily resistance. The 15m RSI has plunged deep into oversold territory, signaling increasing selling pressure.
$ETH – SHORT
Trading plan:
Entry: $2,337.24 – $2,340.70
SL: $2,356.31
TP1: $2,307.76
TP2: $2,292.73
TP3: $2,275.39
Why this setup?
• The 4h trend is SHORT; EMA20=$2,345.51, EMA50=$2,375.54.
• RSI 15m=15.0; RSI 4h=58.7.
• ATR 1h=$11.5600; entry is near the current price, with an R:R of 1.8 at TP1.
Discussion:
If the price stays below EMA20, the path to daily support at $2,282 is fairly open; however, a strong breakout above $2,356 could send the price back to retest resistance at $2,579.
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,337.24 – $2,340.70
SL: $2,356.31
TP1: $2,307.76
TP2: $2,292.73
TP3: $2,275.39
Why this setup?
• The 4h trend is SHORT; EMA20=$2,345.51, EMA50=$2,375.54.
• RSI 15m=15.0; RSI 4h=58.7.
• ATR 1h=$11.5600; entry is near the current price, with an R:R of 1.8 at TP1.
Discussion:
If the price stays below EMA20, the path to daily support at $2,282 is fairly open; however, a strong breakout above $2,356 could send the price back to retest resistance at $2,579.
Click here to trade 👇
