ETH is in an area to watch: the reference plan leans SHORT, while the 15m RSI at 72.1 could cause short-term volatility.
$ETH – SHORT
Trading plan:
Entry: $1,955.01 – $1,962.03
SL: $1,993.57
TP1: $1,895.42
TP2: $1,865.04
TP3: $1,829.99
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $2,029.88; 4h EMA50: $2,138.19.
• The 15m RSI is at 72.1; the 4h RSI is at 25.2, so wait for the price reaction at the entry zone.
• The 1h ATR is $23.3693; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The 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: $1,955.01 – $1,962.03
SL: $1,993.57
TP1: $1,895.42
TP2: $1,865.04
TP3: $1,829.99
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $2,029.88; 4h EMA50: $2,138.19.
• The 15m RSI is at 72.1; the 4h RSI is at 25.2, so wait for the price reaction at the entry zone.
• The 1h ATR is $23.3693; TP1 has an R:R of 1.8 from the reference price, excluding fees/slippage.
The 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
