ETH is in an area to watch: the reference plan favors a SHORT, while the 15m RSI at 45.2 could cause short-term volatility.
$ETH – SHORT
Trading plan:
Entry: $2,094.22 – $2,098.28
SL: $2,116.55
TP1: $2,059.72
TP2: $2,042.12
TP3: $2,021.83
Why this setup?
• Price and the 4h EMA20/50 agree with this direction. 4h EMA20: $2,161.78; 4h EMA50: $2,223.09.
• The 15m RSI is at 45.2; the 4h RSI is at 25.9. Wait for the price reaction at the entry zone.
• The 1h ATR is $13.5314; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum sufficiently confirm a move toward TP1, or will price sweep the SL zone before continuing?
Tap here to trade 👇
$ETH
$ETH – SHORT
Trading plan:
Entry: $2,094.22 – $2,098.28
SL: $2,116.55
TP1: $2,059.72
TP2: $2,042.12
TP3: $2,021.83
Why this setup?
• Price and the 4h EMA20/50 agree with this direction. 4h EMA20: $2,161.78; 4h EMA50: $2,223.09.
• The 15m RSI is at 45.2; the 4h RSI is at 25.9. Wait for the price reaction at the entry zone.
• The 1h ATR is $13.5314; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The debate:
Will short-term momentum sufficiently confirm a move toward TP1, or will price sweep the SL zone before continuing?
Tap here to trade 👇
$ETH
