$ETH Excellent Shorting Opportunity
As long as the price fails to break above and hold above 2317, the primary trend remains bearish, maintaining a structure of lower highs.
Crucially, open interest (OI) dropped sharply during the previous sell-off and has remained relatively flat despite the current rebound. This suggests that the current rise is driven mainly by short covering rather than new buying.
$ETH Short Setup
· Short entry: 2290 - 2315 (resistance zone)
· Stop loss: Above 2335
· Take profit 1: 2240 (recent low)
· Take profit 2: 2180
Support me by trading here 👇$ETH
#eth #Ethereum
As long as the price fails to break above and hold above 2317, the primary trend remains bearish, maintaining a structure of lower highs.
Crucially, open interest (OI) dropped sharply during the previous sell-off and has remained relatively flat despite the current rebound. This suggests that the current rise is driven mainly by short covering rather than new buying.
$ETH Short Setup
· Short entry: 2290 - 2315 (resistance zone)
· Stop loss: Above 2335
· Take profit 1: 2240 (recent low)
· Take profit 2: 2180
Support me by trading here 👇$ETH
#eth #Ethereum
