ETH is retesting the EMA20/50 zone on the 4h timeframe after a slight bounce in demand, with the current price of $2,318.57 sitting right in the middle of the SHORT entry zone.
$ETH – SHORT
Trading plan:
Entry: $2,315.59 – $2,321.55
SL: $2,348.39
TP1: $2,264.89
TP2: $2,239.04
TP3: $2,209.22
Why this setup?
• The 4h trend is SHORT; EMA20=$2,282.86, EMA50=$2,293.35.
• RSI 15m=48.8; RSI 4h=57.7.
• ATR 1h=$19.8814; entry is near the current price, and TP1 has an R:R of 1.8.
The case:
If increased selling pressure at the daily resistance of $2,526.62 pushes the price down to the support at $2,174.08, this setup has a good edge; conversely, a strong breakout above the EMA50 could trigger the SL before the decline resumes.
Click here to trade 👇
$ETH – SHORT
Trading plan:
Entry: $2,315.59 – $2,321.55
SL: $2,348.39
TP1: $2,264.89
TP2: $2,239.04
TP3: $2,209.22
Why this setup?
• The 4h trend is SHORT; EMA20=$2,282.86, EMA50=$2,293.35.
• RSI 15m=48.8; RSI 4h=57.7.
• ATR 1h=$19.8814; entry is near the current price, and TP1 has an R:R of 1.8.
The case:
If increased selling pressure at the daily resistance of $2,526.62 pushes the price down to the support at $2,174.08, this setup has a good edge; conversely, a strong breakout above the EMA50 could trigger the SL before the decline resumes.
Click here to trade 👇
