ETH short setup: the levels I'm watching
🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 2260.07 – 2265.27
TP1: 2221.81 (-1.8%)
TP2: 2194.56 (-3.0%)
TP3: 2153.70 (-4.8%)
SL: 2317.16 (+2.4%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 1 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• BTC is falling, this coin follows (corr 0.91)
Risk: Range bottom, buyers often step in (RSI z −2.03)
Why now?
The daily trend reads range, and 5/12 signals aligned favour the short side. The plan is to work the 2260.07 – 2265.27 zone, scale out at 2221.81 and 2194.56, and stay patient for 2153.70. A move through 2317.16 means the idea is wrong and the stop does its job.
Does ETH tag 2221.81 first, or the stop?