ETH is in an area to watch: the reference plan leans SHORT, while the 15m RSI at 31.1 could bring short-term volatility.
$ETH – SHORT
Trading plan:
Entry: $1,891.43 – $1,896.85
SL: $1,921.25
TP1: $1,845.35
TP2: $1,821.85
TP3: $1,794.74
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $1,974.31; 4h EMA50: $2,092.24.
• The 15m RSI is at 31.1; the 4h RSI is at 25.3, so wait for the price reaction at the entry zone.
• The 1h ATR is $18.0721; 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 first before continuing?
Click here to trade 👇
$ETH
$ETH – SHORT
Trading plan:
Entry: $1,891.43 – $1,896.85
SL: $1,921.25
TP1: $1,845.35
TP2: $1,821.85
TP3: $1,794.74
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $1,974.31; 4h EMA50: $2,092.24.
• The 15m RSI is at 31.1; the 4h RSI is at 25.3, so wait for the price reaction at the entry zone.
• The 1h ATR is $18.0721; 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 first before continuing?
Click here to trade 👇
$ETH
