$ETH The SNDK strategy I shared earlier has completed its structural move this round and successfully locked in profits. The surge in accumulation is more than likely a trap. The four-hour BTC chart is still capped by the moving averages, and each rebound has come with weaker volume. Given this structure, I’m more inclined to follow the bearish trend. Price is trading below the moving averages, and each bounce lacks follow-through buying, which shows that selling pressure remains overhead.
Until key levels are reclaimed and held, the probability of further downside is higher. The rationale for this short position is based on the bearish structure and the lack of volume confirmation.
🔴 Trade direction: Short
📍 Entry range: 2246.06 – 2248.20
🛑 Stop loss: 2281.74
🎯 Take profit 1: 2221.17
🎯 Take profit 2: 2203.86
🎯 Take profit 3: 2177.91
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇
Until key levels are reclaimed and held, the probability of further downside is higher. The rationale for this short position is based on the bearish structure and the lack of volume confirmation.
🔴 Trade direction: Short
📍 Entry range: 2246.06 – 2248.20
🛑 Stop loss: 2281.74
🎯 Take profit 1: 2221.17
🎯 Take profit 2: 2203.86
🎯 Take profit 3: 2177.91
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇