$ETH /USDT · Bias: Sell
Prices are below the descending EMA clusters on the 4-hour and 1-hour timeframes, so the downtrend is likely to continue.
Entry: 1822.35 – 1827.61
Target 1: 1779.00 (-2.5%)
Target 2: 1748.34 (-4.2%)
Target 3: 1702.36 (-6.7%)
Stop loss: 1886.29 (+3.4%)
Note: Confidence is only moderate, so keep the position size small.
Reason: The 4-hour trend shows the price below the EMA50 and EMA200 in a bearish alignment, indicating a downward swing trend.
Plan: Close 50% at Target 1, 25% at Target 2, and 25% at Target 3, and move the stop loss to the entry price after Target 1 is reached.
Do you think opening a short position at this entry level is worth the risk?
$ETH
#ETH
Prices are below the descending EMA clusters on the 4-hour and 1-hour timeframes, so the downtrend is likely to continue.
Entry: 1822.35 – 1827.61
Target 1: 1779.00 (-2.5%)
Target 2: 1748.34 (-4.2%)
Target 3: 1702.36 (-6.7%)
Stop loss: 1886.29 (+3.4%)
Note: Confidence is only moderate, so keep the position size small.
Reason: The 4-hour trend shows the price below the EMA50 and EMA200 in a bearish alignment, indicating a downward swing trend.
Plan: Close 50% at Target 1, 25% at Target 2, and 25% at Target 3, and move the stop loss to the entry price after Target 1 is reached.
Do you think opening a short position at this entry level is worth the risk?
$ETH
#ETH