๐ $ETH 4H | Bounce or more downside?
Ethereum: #2 crypto by market cap, leading smart-contract platform.
Price: ~$2,250 (-7.6%). Sharp breakdown from 2,449 on heavy volume, price below EMA 7/20/50 (~2,314โ2,332), MACD bearish, RSI(6) ~27 oversold.
๐ฏ Main plan: Short on pullback
Entry: 2,312โ2,332
SL: 2,368
TP1: 2,263
TP2: 2,225
TP3: 2,180
R:R โ 1.3 / 2.1 / 3.1
๐ Alternative: Long only after a rejection candle at 2,225โ2,240
SL: 2,205
TPs: 2,263 / 2,313 / 2,332
๐ก๏ธ Risk 1โ2% per trade, take partials, low leverage.
โ ๏ธ Not financial advice. High risk. DYOR.
๐ฌ Bounce or continuation? Comment below ๐
#ETH #Ethereum #BinanceSquare #Write2Earn #Crypto
Ethereum: #2 crypto by market cap, leading smart-contract platform.
Price: ~$2,250 (-7.6%). Sharp breakdown from 2,449 on heavy volume, price below EMA 7/20/50 (~2,314โ2,332), MACD bearish, RSI(6) ~27 oversold.
๐ฏ Main plan: Short on pullback
Entry: 2,312โ2,332
SL: 2,368
TP1: 2,263
TP2: 2,225
TP3: 2,180
R:R โ 1.3 / 2.1 / 3.1
๐ Alternative: Long only after a rejection candle at 2,225โ2,240
SL: 2,205
TPs: 2,263 / 2,313 / 2,332
๐ก๏ธ Risk 1โ2% per trade, take partials, low leverage.
โ ๏ธ Not financial advice. High risk. DYOR.
๐ฌ Bounce or continuation? Comment below ๐
#ETH #Ethereum #BinanceSquare #Write2Earn #Crypto
