ETH is in an area to watch: the reference plan favors a SHORT, while the 15m RSI at 59.9 could cause short-term volatility.
$ETH – SHORT
Trading plan:
Entry: $2,240.15 – $2,241.59
SL: $2,248.10
TP1: $2,227.86
TP2: $2,221.59
TP3: $2,214.36
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $2,255.36; 4h EMA50: $2,266.94.
• The 15m RSI is at 59.9; the 4h RSI is at 59.2. Wait for the price reaction at the entry zone.
• The 1h ATR is $4.8200; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
Debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$ETH
$ETH – SHORT
Trading plan:
Entry: $2,240.15 – $2,241.59
SL: $2,248.10
TP1: $2,227.86
TP2: $2,221.59
TP3: $2,214.36
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $2,255.36; 4h EMA50: $2,266.94.
• The 15m RSI is at 59.9; the 4h RSI is at 59.2. Wait for the price reaction at the entry zone.
• The 1h ATR is $4.8200; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
Debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$ETH
