ETH is range-bound, not weak enough to sell yet.
🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 2294.37 – 2298.95
TP1: 2265.92 (-1.3%)
TP2: 2245.43 (-2.2%)
TP3: 2214.69 (-3.6%)
SL: 2337.65 (+1.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers have the momentum (4h RSI 42.4)
Journal note: ETH
I'm watching ETH with a short bias because the 4h trend is down and the 1h trend is down. I want to see price push below the 1h price of 2296.66 with the daily trend still mixed in a range. The strongest signal is the 4h bearish stack, but the daily trend is range, so conviction is moderate.
Where would you put your invalidation level?
🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 2294.37 – 2298.95
TP1: 2265.92 (-1.3%)
TP2: 2245.43 (-2.2%)
TP3: 2214.69 (-3.6%)
SL: 2337.65 (+1.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers have the momentum (4h RSI 42.4)
Journal note: ETH
I'm watching ETH with a short bias because the 4h trend is down and the 1h trend is down. I want to see price push below the 1h price of 2296.66 with the daily trend still mixed in a range. The strongest signal is the 4h bearish stack, but the daily trend is range, so conviction is moderate.
Where would you put your invalidation level?
