Accumulation and positioning for a reversal often happen during the same market move, and $ETH is showing signs of just that right now. Take a look at the four-hour chart: the price has been held down by the moving averages, and volume hasn’t picked up during the rebounds, suggesting that overhead selling pressure hasn’t been fully absorbed. With this kind of setup, I’d rather follow the prevailing weakness than try to guess the bottom.
It’s been tracking Bitcoin’s weakness closely—the correlation is clear. Of course, we should still account for the risk of a rebound, so keep the position light and place the stop-loss above the structure. Let the risk-reward ratio speak for itself. The logic behind this short trade is simple: wait for the weakness to continue.
🔴 Trade direction: Short
📍 Entry range: 2247.87 – 2251.11
🛑 Stop-loss: 2283.24
🎯 Take profit 1: 2224.18
🎯 Take profit 2: 2207.31
🎯 Take profit 3: 2181.99
There’s no need to chase the trend; it will find its way to you.
Stand alongside Sister Li, and make every moment count.
#ETH
Click below to trade 👇
It’s been tracking Bitcoin’s weakness closely—the correlation is clear. Of course, we should still account for the risk of a rebound, so keep the position light and place the stop-loss above the structure. Let the risk-reward ratio speak for itself. The logic behind this short trade is simple: wait for the weakness to continue.
🔴 Trade direction: Short
📍 Entry range: 2247.87 – 2251.11
🛑 Stop-loss: 2283.24
🎯 Take profit 1: 2224.18
🎯 Take profit 2: 2207.31
🎯 Take profit 3: 2181.99
There’s no need to chase the trend; it will find its way to you.
Stand alongside Sister Li, and make every moment count.
#ETH
Click below to trade 👇