ETH is retesting the 4h EMA50 area ($2,294) after being rejected, creating an opportunity to sell a corrective bounce.
$ETH – SHORT
Trade Plan:
Entry: $2,278.76 – $2,282.48
SL: $2,299.26
TP1: $2,247.08
TP2: $2,230.93
TP3: $2,212.29
Why this setup?
• The 4h trend is SHORT; EMA20=$2,269.91, EMA50=$2,294.15.
• RSI 15m=66.5; RSI 4h=53.5.
• ATR 1h=$12.4236; entry is near the current price, and TP1 offers an R:R of 1.8.
The case:
If resistance at $2,299 holds, price could move toward daily support at $2,174; otherwise, a break above the 4h EMA50 will trigger the SL and open the way for a retest of the $2,526 high.
Click here to trade 👇
$ETH – SHORT
Trade Plan:
Entry: $2,278.76 – $2,282.48
SL: $2,299.26
TP1: $2,247.08
TP2: $2,230.93
TP3: $2,212.29
Why this setup?
• The 4h trend is SHORT; EMA20=$2,269.91, EMA50=$2,294.15.
• RSI 15m=66.5; RSI 4h=53.5.
• ATR 1h=$12.4236; entry is near the current price, and TP1 offers an R:R of 1.8.
The case:
If resistance at $2,299 holds, price could move toward daily support at $2,174; otherwise, a break above the 4h EMA50 will trigger the SL and open the way for a retest of the $2,526 high.
Click here to trade 👇
