ETH is retesting the 4h EMA20 area ($2,276.73) after being rejected near the daily resistance at $2,530.44. The 15m RSI has fallen to around 35, indicating short-term selling momentum.
$ETH – SHORT
Trading plan:
Entry: $2,279.26 – $2,283.36
SL: $2,301.85
TP1: $2,244.34
TP2: $2,226.54
TP3: $2,206.00
Why this setup?
• The 4h trend is SHORT; EMA20=$2,276.73, EMA50=$2,304.54.
• RSI 15m=35.6; RSI 4h=65.6.
• ATR 1h=$13.6936; the entry is near the current price, and TP1 has an R:R of 1.8.
Discussion:
If price stays below the 4h EMA50 ($2,304.54), the path to the daily support at $2,174.08 remains open. However, a strong breakout above $2,301.85 would invalidate the SHORT setup and require cutting losses.
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,279.26 – $2,283.36
SL: $2,301.85
TP1: $2,244.34
TP2: $2,226.54
TP3: $2,206.00
Why this setup?
• The 4h trend is SHORT; EMA20=$2,276.73, EMA50=$2,304.54.
• RSI 15m=35.6; RSI 4h=65.6.
• ATR 1h=$13.6936; the entry is near the current price, and TP1 has an R:R of 1.8.
Discussion:
If price stays below the 4h EMA50 ($2,304.54), the path to the daily support at $2,174.08 remains open. However, a strong breakout above $2,301.85 would invalidate the SHORT setup and require cutting losses.
Click here to trade 👇
