đ $ETH
SHORT SETUP đ
ETH bounced off the sharp drop to $2,405.07 and is now drifting sideways under its 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $2,525.00 â $2,540.00
TP1: $2,500.00
TP2: $2,470.00
TP3: $2,430.00
SL: $2,565.00
đ» Why ETH is on watch:
Price ($2,506.54) sits just above the 7 MA ($2,502.66) and 25 MA ($2,493.31), but is still well below the 99 MA ($2,541.08), which is sloping down and has acted as resistance since the drop from $2,779.00 The structure shows lower highs since the $2,779.00 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($2,502.66) is the first support, with the 25 MA ($2,493.31) below it. A 1H close under $2,490 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#ETH #Ethereum #cryptotrading
SHORT SETUP đ
ETH bounced off the sharp drop to $2,405.07 and is now drifting sideways under its 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $2,525.00 â $2,540.00
TP1: $2,500.00
TP2: $2,470.00
TP3: $2,430.00
SL: $2,565.00
đ» Why ETH is on watch:
Price ($2,506.54) sits just above the 7 MA ($2,502.66) and 25 MA ($2,493.31), but is still well below the 99 MA ($2,541.08), which is sloping down and has acted as resistance since the drop from $2,779.00 The structure shows lower highs since the $2,779.00 peak, so the recovery looks corrective inside a downtrend Volume on the bounce is very low, a sign of weak buying that often fades The 7 MA ($2,502.66) is the first support, with the 25 MA ($2,493.31) below it. A 1H close under $2,490 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#ETH #Ethereum #cryptotrading