The SNDK strategy posted earlier has already successfully locked in profits this round. Don’t get thrown off by the divergence; the real move is the breakout. $ETH On the 4-hour chart, price is under EMA50, and EMA50 is under EMA200. The bearish moving-average alignment remains intact, and the swing structure is still trending downward. This recent rebound came without follow-through volume, which looks more like giving bears room rather than a trend reversal.
The overhead moving-average band is acting as resistance, and the closer the rebound gets, the more likely it is to be pushed back down. I prefer to trade in line with the structure and go short, waiting for price to return to the resistance zone instead of chasing the rebound. There is rebound risk, but until the structure turns, the main bias remains bearish.
🔴 Trade direction: Short
📍 Entry range: 2222.10 – 2227.00
🛑 Stop loss: 2279.22
🎯 Take profit 1: 2183.54
🎯 Take profit 2: 2156.21
🎯 Take profit 3: 2115.19
Gaze at the vastness of mountains and seas, and observe the subtleties of the market.
Walk alongside Uncle Xiong, and see the gains and losses of heaven and earth.
#ETH
Click below to trade 👇
The overhead moving-average band is acting as resistance, and the closer the rebound gets, the more likely it is to be pushed back down. I prefer to trade in line with the structure and go short, waiting for price to return to the resistance zone instead of chasing the rebound. There is rebound risk, but until the structure turns, the main bias remains bearish.
🔴 Trade direction: Short
📍 Entry range: 2222.10 – 2227.00
🛑 Stop loss: 2279.22
🎯 Take profit 1: 2183.54
🎯 Take profit 2: 2156.21
🎯 Take profit 3: 2115.19
Gaze at the vastness of mountains and seas, and observe the subtleties of the market.
Walk alongside Uncle Xiong, and see the gains and losses of heaven and earth.
#ETH
Click below to trade 👇