Don't rush to mistake this rebound for a shift in sentiment—it's really the incremental flows speaking. The four-hour structure for $ETH is still below the moving averages, and the bearish alignment remains intact. This rebound looks more like an opportunity for bears to get positioned. The volume tells the story: buying isn't keeping up as prices move higher, which suggests little appetite for chasing the rally.
We trade in the direction of the structure. The area near the resistance band is where the rebound becomes worth watching, rather than trying to catch a falling knife. Of course, if the rebound is stronger than expected, we have to acknowledge that and adjust our view if the structure breaks. Just keep positions light.
🔴 Trade direction: Short
📍 Entry zone: 2050.31 – 2054.05
🛑 Stop loss: 2094.04
🎯 Take profit 1: 2020.78
🎯 Take profit 2: 1999.86
🎯 Take profit 3: 1968.47
There's no need to chase the trend—the opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#ETH
Click below to trade 👇
We trade in the direction of the structure. The area near the resistance band is where the rebound becomes worth watching, rather than trying to catch a falling knife. Of course, if the rebound is stronger than expected, we have to acknowledge that and adjust our view if the structure breaks. Just keep positions light.
🔴 Trade direction: Short
📍 Entry zone: 2050.31 – 2054.05
🛑 Stop loss: 2094.04
🎯 Take profit 1: 2020.78
🎯 Take profit 2: 1999.86
🎯 Take profit 3: 1968.47
There's no need to chase the trend—the opportunity will come to you.
Stand alongside Sister Li, and let every moment resonate.
#ETH
Click below to trade 👇