The XRP strategy from our previous setup has successfully secured its profit potential. Don’t let conflicting opinions lead you astray—the breakout is what matters. $ETH The four-hour and hourly moving-average structures remain firmly under bearish control. The price is below the EMA50 and far below the EMA200, the swing trend is clearly downward, and there are no signs of momentum changing hands.
Each rebound has been accompanied by weaker volume, while the dense cluster of moving averages overhead is acting as resistance. Given this structure, I’m more inclined to follow the trend and look for a pullback than to try to pick a bottom. Short-term oversold conditions may prompt a recovery, but as long as price fails to reclaim the moving-average cluster, any bounce is an opportunity for the bears to regain momentum.
🔴 Trade direction: Short
📍 Entry range: 2091.74 – 2096.04
🛑 Stop loss: 2133.69
🎯 Take profit 1: 2064.04
🎯 Take profit 2: 2044.14
🎯 Take profit 3: 2014.29
Gaze upon the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ETH
Click below to trade 👇
Each rebound has been accompanied by weaker volume, while the dense cluster of moving averages overhead is acting as resistance. Given this structure, I’m more inclined to follow the trend and look for a pullback than to try to pick a bottom. Short-term oversold conditions may prompt a recovery, but as long as price fails to reclaim the moving-average cluster, any bounce is an opportunity for the bears to regain momentum.
🔴 Trade direction: Short
📍 Entry range: 2091.74 – 2096.04
🛑 Stop loss: 2133.69
🎯 Take profit 1: 2064.04
🎯 Take profit 2: 2044.14
🎯 Take profit 3: 2014.29
Gaze upon the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ETH
Click below to trade 👇