ETH is testing the resistance zone near the 4h EMA20 at $2,270.82, while 15m momentum signals oversold conditions.
$ETH – SHORT
Trade Plan:
Entry: $2,262.23 – $2,264.57
SL: $2,275.12
TP1: $2,242.31
TP2: $2,232.15
TP3: $2,220.44
Why this setup?
• The 4h trend is SHORT; EMA20=$2,270.82, EMA50=$2,309.96.
• RSI 15m=32.9; RSI 4h=68.7.
• ATR 1h=$7.8114; entry is near the current price, with TP1 offering a 1.8 R:R.
Counterpoint:
If the 4h candle closes above the EMA20, the trend could turn upward, but a break below support at $2,242 would open the way to $2,220.
Click here to trade 👇
$ETH – SHORT
Trade Plan:
Entry: $2,262.23 – $2,264.57
SL: $2,275.12
TP1: $2,242.31
TP2: $2,232.15
TP3: $2,220.44
Why this setup?
• The 4h trend is SHORT; EMA20=$2,270.82, EMA50=$2,309.96.
• RSI 15m=32.9; RSI 4h=68.7.
• ATR 1h=$7.8114; entry is near the current price, with TP1 offering a 1.8 R:R.
Counterpoint:
If the 4h candle closes above the EMA20, the trend could turn upward, but a break below support at $2,242 would open the way to $2,220.
Click here to trade 👇
