🔻 $ETH SHORT – OI DOWN 6.25%, SPIKE ABOVE $1,988 REJECTED
🔴 (SHORT)
📍 Entry: 1,940–1,955
⚡ Leverage: 5x Isolated | R:R 1:2.3
🎯 TP1: 1,910 | TP2: 1,893 | TP3: 1,850
🟢 SL: 1,990
ETH is down 4.08% over the past 24 hours, with a trading volume of 11.27 billion USDT, while network-wide OI fell 6.25% to $23.36 billion. The 1-hour candle spiked to $1,988.6 after the PPI news, then was rejected, forming a series of lower highs at 1,972–1,956–1,948. The price is now around $1,931.6, below both the EMA20 at 1,951 and the EMA50 at 1,983.
⚠️ ETH is highly volatile. A 1-hour candle closing above $1,990 would break the lower-high structure. If the price moves above this level, the short thesis is invalidated—exit the trade; do not average up. Hard stop-loss at 1,990.
$ETH
🔴 (SHORT)
📍 Entry: 1,940–1,955
⚡ Leverage: 5x Isolated | R:R 1:2.3
🎯 TP1: 1,910 | TP2: 1,893 | TP3: 1,850
🟢 SL: 1,990
ETH is down 4.08% over the past 24 hours, with a trading volume of 11.27 billion USDT, while network-wide OI fell 6.25% to $23.36 billion. The 1-hour candle spiked to $1,988.6 after the PPI news, then was rejected, forming a series of lower highs at 1,972–1,956–1,948. The price is now around $1,931.6, below both the EMA20 at 1,951 and the EMA50 at 1,983.
⚠️ ETH is highly volatile. A 1-hour candle closing above $1,990 would break the lower-high structure. If the price moves above this level, the short thesis is invalidated—exit the trade; do not average up. Hard stop-loss at 1,990.
$ETH
