$ETH When price retraces to the order block, I’ll look for a short entry—no chasing the price.
🔴 SHORT $ETH | SCALP M5 12/11 | R:R up to 1:1.1 | Pending order
This is a 5-minute scalp, with a pending order placed in the zone and left there. If price doesn’t reach it, that’s it—we don’t chase.
🔹 $ETH | 2,086 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Rationale: a bearish Order Block zone on M5, where selling pressure previously pushed the price down; H4 trend is bearish, and M15 is bearish.
🟢 Entry: 2,089 - 2,096
🔴 SL: 2,161 (+3.3%), based on the average daily range (ADR)
🎯 TP1: 2,017 (-3.6%) | R:R 1:1.1
⏰ Valid until: 02:27 12/11 (UTC+7) if not filled
Once filled, just let the trade run to TP or SL—don’t close it just because time is up. It’s estimated to take ~14 hours to reach TP.
I’ve screened it: the trade is in the direction of the main H4 trend, and the latest H1/H4/D1 candles also show no strong momentum against it. One thing to be clear about: this trade goes against the D1 trend, so only use a small position size ⚠️
A few more things for reference:
🌊 H1 Elliott Wave: price is retracing in wave 2 after a declining wave 1. If the start of wave 1 holds, wave 3 could fall to around 1,874 (-10.2%).
🔗 Compared with BTC over 90 days: correlation 0.90, beta 1.3. ETH tracks BTC very closely; when BTC swings, ETH swings even more.
🏦 US spot ETFs (11 funds): assets of $12.07 billion. Net outflows over the past month totaled $1.58 billion (-13.1% of assets). On 10/11, net outflows were $1 million, marking four consecutive sessions of outflows. Institutional flows still don’t look very enthusiastic.
❌ Don’t enter if:
- Price hits TP1 at 2,017 before the pending order zone is filled.
- Price hits SL at 2,161.
- It’s past 02:27 12/11 and the order hasn’t been filled.
🛡 For position sizing, assume an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. The SL is 3.26% from the middle of the zone, so the position value should be only around 153 USDT, excluding fees and slippage. Don’t use high leverage.
Posted at 01:32 12/11 (UTC+7). This is a conditional plan and hasn’t been tested against historical data. I’m just sharing my perspective, not investment advice.
What do you think—after several consecutive ETF outflow sessions like this, can ETH still bounce back up to the pending order zone?
#ETH #BTC #Scalping #Layer1 #AxionNews
🔴 SHORT $ETH | SCALP M5 12/11 | R:R up to 1:1.1 | Pending order
This is a 5-minute scalp, with a pending order placed in the zone and left there. If price doesn’t reach it, that’s it—we don’t chase.
🔹 $ETH | 2,086 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Rationale: a bearish Order Block zone on M5, where selling pressure previously pushed the price down; H4 trend is bearish, and M15 is bearish.
🟢 Entry: 2,089 - 2,096
🔴 SL: 2,161 (+3.3%), based on the average daily range (ADR)
🎯 TP1: 2,017 (-3.6%) | R:R 1:1.1
⏰ Valid until: 02:27 12/11 (UTC+7) if not filled
Once filled, just let the trade run to TP or SL—don’t close it just because time is up. It’s estimated to take ~14 hours to reach TP.
I’ve screened it: the trade is in the direction of the main H4 trend, and the latest H1/H4/D1 candles also show no strong momentum against it. One thing to be clear about: this trade goes against the D1 trend, so only use a small position size ⚠️
A few more things for reference:
🌊 H1 Elliott Wave: price is retracing in wave 2 after a declining wave 1. If the start of wave 1 holds, wave 3 could fall to around 1,874 (-10.2%).
🔗 Compared with BTC over 90 days: correlation 0.90, beta 1.3. ETH tracks BTC very closely; when BTC swings, ETH swings even more.
🏦 US spot ETFs (11 funds): assets of $12.07 billion. Net outflows over the past month totaled $1.58 billion (-13.1% of assets). On 10/11, net outflows were $1 million, marking four consecutive sessions of outflows. Institutional flows still don’t look very enthusiastic.
❌ Don’t enter if:
- Price hits TP1 at 2,017 before the pending order zone is filled.
- Price hits SL at 2,161.
- It’s past 02:27 12/11 and the order hasn’t been filled.
🛡 For position sizing, assume an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. The SL is 3.26% from the middle of the zone, so the position value should be only around 153 USDT, excluding fees and slippage. Don’t use high leverage.
Posted at 01:32 12/11 (UTC+7). This is a conditional plan and hasn’t been tested against historical data. I’m just sharing my perspective, not investment advice.
What do you think—after several consecutive ETF outflow sessions like this, can ETH still bounce back up to the pending order zone?
#ETH #BTC #Scalping #Layer1 #AxionNews
